CLAIBORNE ELECTRIC COOPERATIVE INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: CLAIBORNE ELECTRIC COOPERATIVE INC (EIN 72-0154371)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-06
IRS object ID: 201333109349301538
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-06T16:38:47-06:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Schmidt & Company LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	923 NE Woods Chapel Rd Suite 304	AddressLine1
City	Lees Summit	City
State	MO	State
ZIP Code	64064	ZIPCode

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

Filer Filer

Field	Value	IRS element (for citing)
EIN	720154371	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	CLAIBORNE ELECTRIC COOPERATIVE INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	CLAI	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 719	AddressLine1
City	Homer	City
State	LA	State
ZIP Code	71040	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MARK BROWN	Name
Title	GM	Title
Phone	3189273504	Phone
Date Signed	2013-05-08	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Roger Schmidt Jr	Name
PTIN	P01243694	PTIN
Phone	8883910229	Phone
Date Prepared	2013-11-06	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	HEZ ELKINS	NameOfPrincipalOfficerPerson
Gross Receipts	41437349	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1938	YearFormation
State Legal Domicile	LA	StateLegalDomicile
Activity Or Mission Description	The wholesale purchase, distribution, and retail sale of electricity for rural members.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	8	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	8	NbrIndependentVotingMembers
Total Nbr Employees	91	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	41413246	ProgramServiceRevenuePriorYear
Program Service Revenue CY	41301428	ProgramServiceRevenueCY
Investment Income Prior Year	79565	InvestmentIncomePriorYear
Investment Income Current Year	48420	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	41492811	TotalRevenuePriorYear
Total Revenue Current Year	41349848	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	41881373	OtherExpensePriorYear
Other Expenses Current Year	42443332	OtherExpensesCurrentYear
Total Expenses Prior Year	41881373	TotalExpensesPriorYear
Total Expenses Current Year	42443332	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-388562	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-1093484	RevenuesLessExpensesCY
Total Assets BOY	83755109	TotalAssetsBOY
Total Assets EOY	88521503	TotalAssetsEOY
Total Liabilities BOY	62290110	TotalLiabilitiesBOY
Total Liabilities EOY	68326205	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	21464999	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	20195298	NetAssetsOrFundBalancesEOY
Mission Description	The wholesale purchase, distribution, and retail sale of electricity for rural members.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	42443332	Expense
Revenue	41349848	Revenue
Description	Provide electrical power to rural members.	Description
Total Program Service Expense	42443332	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	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	false	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
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	91	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	40565092	GrossIncomeFromMembers
Gross Income Other Sources	439625	GrossIncomeOtherSources
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	8	NbrVotingGoverningBodyMembers
Number Independent Voting Members	8	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	false	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	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Written Policy Or Procedure	false	WrittenPolicyOrProcedure
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	MARK BROWN	NamePerson
Telephone Number	3189273504	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 719	AddressLine1
City	Homer	City
State	LA	State
ZIP Code	71040	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (10 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Key EmployeeKeyEmployee
DANIEL GREEN
DIR	8.00	X	21654	0	0
DAVID FARRAR
DIR	10.00	X	4341	0	0
EDDIE HARMON
VP	8.00	X	22032	0	0	X
HEZ ELKINS
PRES	8.00	X	23799	0	0	X
LANE DAVIDSON
DIR	10.00	X	23235	0	0
LEROY PERRITT
DIR	10.00	X	25718	0	0
PHILIP FINCHER
DIR	10.00	X	24944	0	0
RAND KILLGORE
DIR	10.00	X	31667	0	0
RICHARD NOLES
SECTREAS	12.00	X	29717	0	0	X
MARK BROWN
GM & CEO	60.00		211999	0	0		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	419106	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	1	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
ECHO POWERLINE LLC
PO BOX 539	Bunkie	LA	71322	ELECTRICAL CONTRAC	1739382
M B JONES LLC
PO BOX 489	Farmerville	LA	71241	DIRT CONTRACTOR	193500
APPLE TREE SERVICE
316 NORTH CEDAR ST	North Little Rock	AR	72114	TREE-TRIMMING	493181
OSMOSE UTILITIES SERVICES INC
PO BOX 8000	Buffalo	NY	14267	POLE TREATMENT	232233
KINCO LLC
63226 COMMERCIAL ST	Roseland	LA	70456	POWERLINE CONTRACT	207153

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	7	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
SALE OF ELECTRICITY	221000	39986454	39986454
POLE RENTAL REVENUE	221000	345131		$345,131
CAPITAL CREDITS	221000	308503	308503
OTHER REVENUES	221000	60022	60022
MISC ELECTRIC REVENUES	221000	601318	601318

Field	Value	IRS element (for citing)
Total Program Service Revenue	41301428	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	71100	TotalRevenueColumn
Exclusion	$71,100	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	64821	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	87501	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	-22680	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-22680	TotalRevenueColumn
Related Or Exempt Function Income	-22680	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	41349848	TotalRevenueColumn
Related Or Exempt Function Income	40933617	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$416,231	ExclusionAmount

Interest Interest

Field	Value	IRS element (for citing)
Total	2729449	Total
Program Services	2729449	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	3031567	Total
Program Services	3031567	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
PURCHASED POWER	26177147	26177147
OPERATING & MAINT OF PLANT	6583463	6583463
ACCOUNTING COLLECTING CUST	1620552	1620552
A&G	2299333	2299333

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1821	Total
Program Services	1821	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	42443332	Total
Program Services	42443332	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1273468	BOY
EOY	706443	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	3991636	BOY
EOY	3954080	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	2251388	BOY
EOY	2388121	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	502818	BOY
EOY	485272	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	117926743	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	41004003	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	71957737	BOY
EOY	76922740	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	2406704	BOY
EOY	2761286	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	1371358	BOY
EOY	1303561	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	83755109	BOY
EOY	88521503	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	16671838	BOY
EOY	16100158	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	45481868	BOY
EOY	52085423	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	136404	BOY
EOY	140624	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	62290110	BOY
EOY	68326205	EOY

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

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	21464999	BOY
EOY	20195298	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	21464999	BOY
EOY	20195298	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	83755109	BOY
EOY	88521503	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-1093484	ReconcilationRevenueExpenses
Reconcilation Other Changes	-176217	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

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	117926743	InvestmentCostOrOtherBasis
Depreciation	41004003	Depreciation
Book Value	76922740	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	76922740	TotalOfBookValueLandBuildings

Investments Program Related InvestmentsProgramRelated (2 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
EQUITIES IN OTHER ORGANIZATION	2584391	C
NON-UTILITY PROPERTY	176895	C

Field	Value	IRS element (for citing)
Total Of Book Value Program Related	2761286	TotalOfBookValueProgramRelated

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	DEFERRED DEBITS	Description
Book Value	1303561	BookValue

Field	Value	IRS element (for citing)
Total Book Value Other Assets	1303561	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
POSTRETIREMENT BENEFITS	$38,829
DEFERRED CREDITS-CUST PREPAYME	$101,795

Field	Value	IRS element (for citing)
Total Of Amounts	140624	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	41349848	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	41349848	RevenueSubtotal
Total Revenue Per Form990	41349848	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	42443332	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	42443332	ExpensesSubtotal
Total Expenses Per Form990	42443332	TotalExpensesPerForm990

Schedule J IRS990ScheduleJ

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	MARK BROWN	NamePerson
Title	GM & CEO	Title
Base Compensation Filing Org	162125	BaseCompensationFilingOrg
Other Compensation Filing Org	49874	OtherCompensationFilingOrg
Total Compensation Filing Org	211999	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
O01	Members or stockholder classes and rights Part VI line 6	MEMBER OWNED ELECTRIC COOPERATIVE WITH EACH MEMBER HAVING A VOTE
O02	Member election for additional members Part VI line 7a	MEMBERS VOTE FOR BOARD OF DIRECTORS
O03	Form 990 governing body review Part VI line 11	BOARD OF DIRECTORS REVIEW ANNUAL TAX FILINGS
O04	CEO executive director top management comp Part VI line 15a	MANAGEMENTS9 COMPENSATION IS REVIEWED AND APPROVED ANNUALLY BY BOARD OF DIRECTORS
O05	Other officer or key employee compensation Part VI line 15b	OTHER MANAGEMENT STAFF9S COMPENSATION IS REVIEWED AND APPROVED ANNUALLY BY CEO AND BOARD OF DIRECTORS
O06	Governing documents etc available to public Part VI line 19	GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT COOPERATIVE OFFICE
O07	Explanation of other changes in net assets or fund balances Part XI line 9	OTHER CHANGES IN NET ASSETS INCLUDE CHANGES TO MEMBERSHIPS, DONATED CAPITAL, CAPITAL CREDITS GAIN, AND PATRONS9 CAPITAL CREDITS DURING THE YEAR.