CLAY ELECTRIC COOPERATIVE INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- CLAY ELECTRIC COOPERATIVE INC (EIN 59-0196695)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-10-29
- IRS object ID
- 201333029349300513
- Schema version
- 2012v2.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-10-29T11:28:49-04:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590196695 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLAY ELECTRIC COOPERATIVE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CLAY | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 308 | AddressLine1 |
| City | Keystone Heights | City |
| State | FL | State |
| ZIP Code | 32656 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Richard K Davis | Name |
| Title | General Manager | Title |
| Phone | 3524738000 | Phone |
| Date Signed | 2013-10-31 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RICHARD KENNETH DAVIS | NameOfPrincipalOfficerPerson |
| Gross Receipts | 342411718 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.CLAYELECTRIC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1937 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | TO EXCEED THE EXPECTATIONS OF OUR MEMBERS BY PROVIDING EXCELLENT CUSTOMER SERVICE AND RELIABLE ELECTRIC SERVICE AT COMPETITIVE RATES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 484 | TotalNbrEmployees |
| Total Gross UBI | 476320 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 364405698 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 341581646 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 300760 | InvestmentIncomePriorYear |
| Investment Income Current Year | 334759 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 270420 | OtherRevenuePriorYear |
| Other Revenue Current Year | 485063 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 364976878 | TotalRevenuePriorYear |
| Total Revenue Current Year | 342401468 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 20151609 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 8165361 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 5149878 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6327381 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 339675391 | OtherExpensePriorYear |
| Other Expenses Current Year | 327908726 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 364976878 | TotalExpensesPriorYear |
| Total Expenses Current Year | 342401468 | TotalExpensesCurrentYear |
| Revenues Less Expenses CY | 0 | RevenuesLessExpensesCY |
| Total Assets BOY | 535172041 | TotalAssetsBOY |
| Total Assets EOY | 535053473 | TotalAssetsEOY |
| Total Liabilities BOY | 248461561 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 245500786 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 286710480 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 289552687 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO EXCEED THE EXPECTATIONS OF OUR MEMBERS BY PROVIDING EXCELLENT CUSTOMER SERVICE AND RELIABLE ELECTRIC SERVICE AT COMPETITIVE RATES. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 342401468 | Expense |
| Description | PROVISION OF RELIABLE ELECTRIC SERVICE TO CONSUMERS IN A 15 COUNTY AREA. | Description |
| Total Program Service Expense | 342401468 | TotalProgramServiceExpense |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| 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 | true | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | 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 | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | 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 | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 296 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 484 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | false | Form990-TFiled |
| 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 | 335186867 | GrossIncomeFromMembers |
| Gross Income Other Sources | 1200031 | GrossIncomeOtherSources |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | 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 | true | LocalChapters |
| Policies Reference Chapters | true | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RICHARD K DAVIS | NamePerson |
| Telephone Number | 3524738000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 308 | AddressLine1 |
| City | Keystone Heights | City |
| State | FL | State |
| ZIP Code | 32656 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| ANGUS S HASTINGS | ||||||||
| TRUSTEE-TREASURER | 15.00 | X | X | 14450 | 0 | 0 | ||
| CLYDE DWIGHT HERSEY | ||||||||
| TRUSTEE | 7.00 | X | 11873 | 0 | 0 | |||
| FLOYD I GNANN | ||||||||
| TRUSTEE | 6.00 | X | 7150 | 0 | 0 | |||
| JOANN R SMITH | ||||||||
| TRUSTEE | 8.00 | X | 9000 | 0 | 0 | |||
| JOHN HENRY WHITEHEAD JR | ||||||||
| TRUSTEE-PRESIDENT | 12.00 | X | X | 14150 | 0 | 0 | ||
| JOSEPH CARL MALPHURS | ||||||||
| TRUSTEE-SECRETARY | 10.00 | X | X | 13800 | 0 | 0 | ||
| KELLEY R SMITH JR | ||||||||
| TRUSTEE | 12.00 | X | 17950 | 0 | 0 | |||
| LAURA G DEAN | ||||||||
| TRUSTEE | 12.00 | X | 15850 | 0 | 0 | |||
| ROBERT S MULLINS | ||||||||
| TRUSTEE | 8.00 | X | 2300 | 0 | 0 | |||
| SUSAN S REEVES | ||||||||
| TRUSTEE-VICE PRESIDENT | 12.00 | X | X | 15500 | 0 | 0 | ||
| RICHARD KENNETH DAVIS | ||||||||
| GENERAL MANAGERCEO | 43.00 | X | 326384 | 0 | 85788 | |||
| SANFORD MARK MAXWELL | ||||||||
| DIRECTOR-FINANCEADMIN | 42.00 | X | 182415 | 0 | 62209 | |||
| HERMAN DYAL | ||||||||
| DIRECTOR-ENGINEERING | 44.00 | 193682 | 0 | 130895 | X | |||
| HOWARD MILTON MOTT JR | ||||||||
| DIRECTOR-OPERATIONS | 43.00 | 173427 | 0 | 39382 | X | |||
| WILLIAM K THOMPSON | ||||||||
| DIRECTOR-DIST OPER | 48.00 | 170900 | 0 | 42221 | X | |||
| BRUCE ROBERT MCHOLLAN | ||||||||
| DIRECTOR-ICT | 45.00 | 179826 | 0 | 164563 | X | |||
| HENRY BARROW | ||||||||
| DIRECTOR-MEMBER RELATIONS | 45.00 | 156410 | 0 | 53954 | X | |||
| JAMES R BEELER JR | ||||||||
| DISTRICT MANAGER-PKSS | 40.00 | 146485 | 0 | 72992 | X | |||
| LOUIE A CHAFF | ||||||||
| DISTRICT MANAGER-ORANGE PARK | 40.00 | 136029 | 0 | 69731 | X | |||
| RICHARD A GRAY | ||||||||
| DIRECTOR-HUMAN RESOURCES | 40.00 | 156699 | 0 | 48003 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1944280 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 769738 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | 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 |
|---|---|---|---|---|---|
| Asplundh Tree Expert Company | |||||
| PO Box 532729 | Atlanta | GA | 303532729 | RW Labor | 2842118 |
| Gray Construction Services Inc | |||||
| 222 W Wade St | Trenton | FL | 32693 | Construction | 1414622 |
| Baird Tree Company Inc | |||||
| PO Box 164 | Jacksboro | TN | 37757 | RW Labor | 1162101 |
| Trimble Navigation Limited | |||||
| PO Box 203558 | Dallas | TX | 75320 | Professional Svcs | 1132247 |
| Lewis Tree Service Inc | |||||
| PO Box 731897 | Dallas | TX | 75373 | RW Labor | 1084293 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 20 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| ELECTRIC | 221000 | 334509096 | 334296965 | 212131 | |
| QUALIFIED POLE RENTAL | 531390 | 2688913 | $2,688,913 | ||
| PATRONAGE CAPITAL | 900099 | 4009161 | 4009161 | ||
| INTEREST | 900099 | 358766 | 358766 | ||
| MERCHANDISING REVENUE | 900099 | 15710 | 15710 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 341581646 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 333961 | TotalRevenueColumn |
| Related Or Exempt Function Income | 333961 | RelatedOrExemptFunctionIncome |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 31232 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 4548 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 26684 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26684 | TotalRevenueColumn |
| Unrelated Business Revenue | 26684 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 6500 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 5702 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 798 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 798 | TotalRevenueColumn |
| Unrelated Business Revenue | 798 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| GAIN-RUS DEBT PREPAYMNT | 900099 | 221672 | 221672 | |
| MOTOR VEHICLE PROGRAM | 811000 | 178653 | 178653 | |
| RIVER CITY PLASTICS | 221000 | 45708 | 45708 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12346 | TotalRevenueColumn |
| Unrelated Business Revenue | 12346 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 458379 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 342401468 | TotalRevenueColumn |
| Related Or Exempt Function Income | 339236235 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 476320 | UnrelatedBusinessRevenue |
| Exclusion | $2,688,913 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8165361 | Total |
| Program Services | 8165361 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1529326 | Total |
| Program Services | 1529326 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3878199 | Total |
| Program Services | 3878199 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 919856 | Total |
| Program Services | 919856 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 190737 | Total |
| Program Services | 190737 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11274452 | Total |
| Program Services | 11274452 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18209013 | Total |
| Program Services | 18209013 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| Cost of Power | 246089810 | 246089810 |
| Distribution Expense | 27598496 | 27598496 |
| Consumer Accounts Expense | 13475402 | 13475402 |
| Administrative & General | 3435058 | 3435058 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7635758 | Total |
| Program Services | 7635758 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 342401468 | Total |
| Program Services | 342401468 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 404254 | BOY |
| EOY | 4525276 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21400983 | BOY |
| EOY | 50241 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18790769 | BOY |
| EOY | 18287834 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4841946 | BOY |
| EOY | 4669028 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27841246 | BOY |
| EOY | 32634165 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 602930252 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 191048356 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 401990665 | BOY |
| EOY | 411881896 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59902178 | BOY |
| EOY | 63005033 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 535172041 | BOY |
| EOY | 535053473 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41174847 | BOY |
| EOY | 43504805 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 197475540 | BOY |
| EOY | 192475540 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1000000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9811174 | BOY |
| EOY | 8520441 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 248461561 | BOY |
| EOY | 245500786 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 694040 | BOY |
| EOY | 694395 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 286016440 | BOY |
| EOY | 288858292 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 286710480 | BOY |
| EOY | 289552687 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 535172041 | BOY |
| EOY | 535053473 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 0 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 2842207 | 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 | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 612701 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 9881904 | OtherCostOrOtherBasis |
| Book Value | 10494605 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 171315 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 14096249 | OtherCostOrOtherBasis |
| Depreciation | 7289685 | Depreciation |
| Book Value | 6977879 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 513851441 | OtherCostOrOtherBasis |
| Depreciation | 183756322 | Depreciation |
| Book Value | 330095119 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 64316642 | OtherCostOrOtherBasis |
| Depreciation | 2349 | Depreciation |
| Book Value | 64314293 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 411881896 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| NATIONAL RURAL UTILITIES COOP | 10227415 | C |
| SEMINOLE ELECTRIC COOPERATIVE | 49716073 | C |
| COBANK | 2017057 | C |
| OTHER INVESTMENTS IN ASSOC ORG | 1044488 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 63005033 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| OTH NON CURR LIAB | -$947,832 |
| CONSUMER DEPOSITS | $9,468,273 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 8520441 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 341886333 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 341886333 | RevenueSubtotal |
| Other Revenues Not Included | 515135 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 515135 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 342401468 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 333720971 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 333720971 | ExpensesSubtotal |
| Other Expenses Not Included | 8680497 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 8680497 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 342401468 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| D10 | Other revenues included on Form 990 Part XI line 4b | Product and unrelated business expenses were netted against associated revenues and identified as other non-operating income on our Audited Financial Statements. Revenues included in that audit report line are reflected on Part VIII Statement of Revenue as merchandising, rental and miscellaneous revenue. The amortization of a gain on debt prepayment is reported as an offset to interest expense in the audited financial statements, as required by generally accepted accounting principles. The amount recognized in the audited financial statements is reported on Part VIII-Statement of Revenue as miscellaneous revenue related to the exempt function. |
| D12 | Other expenses included on Form 990 Part XII line 4b | Product and unrelated business expenses were netted against associated revenues and identified as other non-operating income on our Audited Financial Statements. Revenues included in that audit report line are reflected on Part VIII Statement of Revenue as merchandising, rental and miscellaneous revenue. The amortization of a gain on debt prepayment is reported as an offset to interest expense in the audited financial statements, as required by generally accepted accounting principles. The amount recognized in the audited financial statements is reported on Part VIII-Statement of Revenue as miscellaneous revenue related to the exempt function. Our 2012 net margins of $8,165,361 on our audited financial statements were reflected as an expense on our Form 990. Net margins are paid to our members in the form of capital credits. |
| D13 | Footnote for uncertain tax position under FIN 48 Part X | Management has evaluated the Cooperative9s tax positions and concluded that the Cooperative has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| 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 (10 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg |
|---|---|---|---|---|---|---|
| RICHARD KENNETH DAVIS | ||||||
| GENERAL MANAGERCEO | 294231 | 20000 | 12153 | 68854 | 16934 | 412172 |
| SANFORD MARK MAXWELL | ||||||
| DIRECTOR-FINANCEADMIN | 173058 | 9357 | 51145 | 11064 | 244624 | |
| HERMAN DYAL | ||||||
| DIRECTOR-ENGINEERING | 186148 | 7534 | 117968 | 12927 | 324577 | |
| BRUCE ROBERT MCHOLLAN | ||||||
| DIRECTOR-ICT | 173087 | 6739 | 161480 | 3083 | 344389 | |
| HOWARD MILTON MOTT JR | ||||||
| DIRECTOR-OPERATIONS | 170609 | 2818 | 29005 | 10377 | 212809 | |
| RICHARD A GRAY | ||||||
| DIRECTOR-HUMAN RESOURCES | 155457 | 1242 | 40635 | 7368 | 204702 | |
| HENRY BARROW | ||||||
| DIRECTOR-MEMBER RELATIONS | 155457 | 953 | 45828 | 8126 | 210364 | |
| WILLIAM K THOMPSON | ||||||
| DIRECTOR-DIST OPER | 169514 | 1386 | 35289 | 6932 | 213121 | |
| LOUIE A CHAFF | ||||||
| DISTRICT MANAGER-ORANGE PARK DIST | 133810 | 2219 | 62622 | 7109 | 205760 | |
| JAMES R BEELER JR | ||||||
| DISTRICT MANAGER-PKSS | 142055 | 4430 | 65189 | 7803 | 219477 | |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | J4 | Identifier |
| Return Reference | Listed persons compensation information Part I line 4 | ReturnReference |
| Explanation | The organization has agreed on a year to year basis to calculate the value of the difference in the defined benefit plan for the General Manager/CEO in a lump sum form, under the current guidelines of the defined benefit administrator, one with IRS limitations and one without limitations, any positive value will be paid as a taxable payment, in the current year. Richard Davis received $2,432 during 2012. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (4 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| SEMINOLE ELECTRIC COOPERATIVE | |||
| POWER SUPPLIER | 247911614 | PURCHASED POWER-NET | false |
| SEMINOLE ELECTRIC COOPERATIVE | |||
| CONTRACTOR | -16412 | SEE ATTACHED | false |
| SEMINOLE ELECTRIC COOPERATIVE | |||
| FRCC MEMBER | -108276 | DUES REIMBURSEMENT | false |
| SEMINOLE ELECTRIC COOPERATIVE | |||
| CUSTOMER | -6863 | SEE ATTACHED | false |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| O01 | Unrelated business income explanation Part V line 3b | Form 990-T is scheduled to be signed and filed on October 29, 2013. |
| O02 | Organizational document changes Part VI line 4 | Two significant changes were made to our bylaws. The final versions of the amended sections are: 1. Trustees shall not be a related individual to a current trustee or current employee of the Cooperative unless such related current trustee plans not to seek re-election and/or such related employee has given notice of termination of employment prior to the district meeting. Such termination of employment must take effect no later than the date of the annual meeting. 2. The notice of the district meeting sent to each member in that district shall state that an election to select not more than two qualified persons as candidates for trustee shall be made at the meeting. It also removed the five minute minimum requirement for leaving the floor open for nominations at district meetings. |
| O03 | Members or stockholder classes and rights Part VI line 6 | Clay Electric Cooperative had 138,879 members as of December 31, 2012. |
| O04 | Member election for additional members Part VI line 7a | Clay Electric Cooperative has nine members on the Board of Trustees. The Board of Trustee members serve three-year terms and each board member represents one trustee district within the co-ops service area. Their terms are staggered in such a way that only three are up for election by the members each year. |
| O05 | Governing body decisions Part VI line 7b | The business and affairs of the cooperative are managed by a board of trustees which shall exercise all of the powers of the cooperative except such as by law, the articles of incorporation or the bylaws. If an amendment of the bylaws is proposed by the board of trustees the amendment must be presented to the membership. |
| O06 | Form 990 governing body review Part VI line 11 | The top financial official presented paper copies of the 2012 Form 990 to the Board of Trustees for their review at their monthly board meeting on October 22, 2013. |
| O07 | Conflict of interest policy compliance Part VI line 12c | It is a requirement that incumbents of certain positions within the Cooperative and the Board of Trustees annually complete and sign the Conflict of Interest Certification and Disclosure Form and deliver it to the General Manager/CEO or Board President. |
| O08 | CEO executive director top management comp Part VI line 15a | Comparability data was used to determine the Compensation for our CEO and was approved by our Board of Trustees. Board meeting minutes document the deliberations and decisions on the compensation arrangement. Board meeting minutes on November 20, 2012 reflect a performance appraisal and compensation review for our CEO. |
| O09 | Other officer or key employee compensation Part VI line 15b | Comparability data was used to evaluate the compensation for our other officer and key employees. |
| O10 | Governing documents etc available to public Part VI line 19 | Our governing documents (included in our Member Handbook), conflict of interest policy and financial statements (included in our Kilowatt Newsletter) are made available to the general public on our website at www.clayelectric.com. |
| O11 | Explanation of other changes in net assets or fund balances Part XI line 9 | Capital credits assigned for the year was $8,165,361 less net retirements of capital credits of $5,323,509 plus an increase in memberships of $355. |
| O12 | General explanation attachment | Part IX-Statement of Functional Expenses-In an attempt to maintain consistency in reporting we elected to report our expenses in the same categories used in prior years. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLAY ELECTRIC COOPERATIVE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SCHOLARSHIP TRUST INC POB 308 | AddressLine1 |
| City | Keystone Heights | City |
| State | FL | State |
| ZIP Code | 32656 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 576205431 | EIN |
| Primary Activities | PROVIDE SCHOLARSHIPS | PrimaryActivities |
| Legal Domicile State | FL | LegalDomicileState |
| Exempt Code Section | 501c3 | ExemptCodeSection |
| Public Charity Status | Line 9 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | false | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLAY ELECTRIC SERVICES INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 308 | AddressLine1 |
| City | Keystone Heights | City |
| State | FL | State |
| ZIP Code | 32656 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 591613094 | EIN |
| Primary Activity | PROVIDE MISC BUSINESS SVCS | PrimaryActivity |
| Legal Domicile State | FL | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | C Corp | TypeOfEntity |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |