OSAGE VALLEY ELECTRIC COOPERATIVE ASSOCIATION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: OSAGE VALLEY ELECTRIC COOPERATIVE ASSOCIATION (EIN 44-0378635)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-13
IRS object ID: 201333179349304213
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 O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-13T13:55:09-06:00	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	440378635	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	OSAGE VALLEY ELECTRIC COOPERATIVE	BusinessNameLine1

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

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 470	AddressLine1
City	Butler	City
State	MO	State
ZIP Code	64730	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DARYL VEATCH	Name
Title	MANAGER	Title
Phone	6606793131	Phone
Date Signed	2013-11-13	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	2013-11-13	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	DARYL VEATCH	NameOfPrincipalOfficerPerson
Gross Receipts	28706321	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1938	YearFormation
State Legal Domicile	MO	StateLegalDomicile
Activity Or Mission Description	Distribution of electricity to rural members.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	62	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	29006870	ProgramServiceRevenuePriorYear
Program Service Revenue CY	28504262	ProgramServiceRevenueCY
Investment Income Prior Year	361195	InvestmentIncomePriorYear
Investment Income Current Year	202059	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	29368065	TotalRevenuePriorYear
Total Revenue Current Year	28706321	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	1567223	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	1885146	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	27800842	OtherExpensePriorYear
Other Expenses Current Year	26821175	OtherExpensesCurrentYear
Total Expenses Prior Year	29368065	TotalExpensesPriorYear
Total Expenses Current Year	28706321	TotalExpensesCurrentYear
Revenues Less Expenses CY	0	RevenuesLessExpensesCY
Total Assets BOY	70571423	TotalAssetsBOY
Total Assets EOY	71174726	TotalAssetsEOY
Total Liabilities BOY	43493524	TotalLiabilitiesBOY
Total Liabilities EOY	43067923	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	27077899	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	28106803	NetAssetsOrFundBalancesEOY
Mission Description	Distribution of electricity to rural members.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	28706321	Expense
Revenue	28706321	Revenue
Description	Sold and distributed electricity to rural members.	Description
Total Program Service Expense	28706321	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	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	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	false	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	true	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	62	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	27435100	GrossIncomeFromMembers
Gross Income Other Sources	1225977	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	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	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
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	DARYL VEATCH	NamePerson
Telephone Number	6606793131	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 470	AddressLine1
City	Butler	City
State	MO	State
ZIP Code	64730	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (10 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Key EmployeeKeyEmployee
CHELLE BLACK
ASST SEC	8.00	X	X	10651	0	0
DAVID RAPP
DIRECTOR	8.00	X		18987	0	0
JACK BAKER
DIR	20.00	X		20587	0	0
KENNETH KNIGHT
VP	8.00	X	X	10849	0	0
P D KIRCHER
PRES	25.00	X	X	20087	0	0
PAUL ROSS
DIR	8.00	X		19887	0	0
RAY HEUSER
DIR	8.00	X		19789	0	0
RICHARD WIRSIG
DIR	8.00	X		26678	0	0
RON STEUCK
SEC-TREAS	8.00	X	X	19089	0	0
DARYL VEATCH
MANAGER	40.00		X	125267	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	291871	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	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
HUNHOLZ TREE SERVICE
RR1 BOX 281 AA	Adrian	MO	64720	ROW	202470
GILKEY CONSTRUCTION
1028 SW COUNTY RD KK	Montrose	MO	64770	CONSTRUCTION	118625

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	2	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
Sales of electricity	221000	27051551	27051551
Other revenue	221000	383546	383546
Pole rental	221000	45244		$45,244
Patronage Cap Credits	221000	1023921	1023921

Field	Value	IRS element (for citing)
Total Program Service Revenue	28504262	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	202059	TotalRevenueColumn
Exclusion	$202,059	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	28706321	TotalRevenueColumn
Related Or Exempt Function Income	28459018	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$247,303	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	1885146	Total
Program Services	1885146	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	1932709	Total
Program Services	1932709	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1868362	Total
Program Services	1868362	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
Cost of power purchased	15968494	15968494
Distribution expense	4003502	4003502
Customer accounts & service	999959	999959
A&G	2048149	2048149

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	28706321	Total
Program Services	28706321	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	291967	BOY
EOY	207838	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	4719799	BOY
EOY	1541540	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	2652226	BOY
EOY	2775053	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	759608	BOY
EOY	868138	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	62886	BOY
EOY	921398	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	69135940	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	15464147	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	51645582	BOY
EOY	53671793	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	10439355	BOY
EOY	11188966	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	70571423	BOY
EOY	71174726	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	3509702	BOY
EOY	2405709	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	38817242	BOY
EOY	39398830	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1166580	BOY
EOY	1263384	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	43493524	BOY
EOY	43067923	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	27077899	BOY
EOY	28106803	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	27077899	BOY
EOY	28106803	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	70571423	BOY
EOY	71174726	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	0	ReconcilationRevenueExpenses
Reconcilation Other Changes	1028904	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 Consolidated	X	FinancialStatementConsolidated

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	69135940	InvestmentCostOrOtherBasis
Depreciation	15464147	Depreciation
Book Value	53671793	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	53671793	TotalOfBookValueLandBuildings

Investments Program Related InvestmentsProgramRelated (5 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
Subsidiary investment	50349	C
Associated Org-Patronage Capit	10342321	C
Associated Org-Nongeneral fund	768831	C
Other investments	27415	C
Special funds	50	C

Field	Value	IRS element (for citing)
Total Of Book Value Program Related	11188966	TotalOfBookValueProgramRelated

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
Asset retirement obligation	$551,065
Consumer deposits	$313,432
Deferred credits	$398,887

Field	Value	IRS element (for citing)
Total Of Amounts	1263384	TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
O01	Members or stockholder classes and rights Part VI line 6	Member owned electric cooperative.
O02	Member election for additional members Part VI line 7a	Each member of the cooperative shall be entitled to vote in the election of the board of directors. Board consists of 9 directors who are elected by the membership.
O03	Form 990 governing body review Part VI line 11	Board, Management, and paid preparer review drafts of form 990 prior to efiling. Board reviews annual filings at monthly meetings.
O04	Conflict of interest policy compliance Part VI line 12c	Board of directors and Management review policies annually at board meetings. Employees sign review roster.
O05	CEO executive director top management comp Part VI line 15a	The Board of Directors annually review and evaluate the Manager9s performance and establish compensation level for Manager. Data concerning compensation is gathered using NRECA wage surveys and comparing like-cooperatives in the region.
O06	Other officer or key employee compensation Part VI line 15b	Manager reviews and evaluates performance of all other staff and establishes compensation levels for those staff in accordance with budgeted amounts and NRECA wage surveys. Wages are presented to the Board of Directors by Manager.
O07	Governing documents etc available to public Part VI line 19	Governing documents and financial statements are made available to the public upon request.
O08	Explanation of other changes in net assets or fund balances Part XI line 9	Other changes in net assets include changes in memberships, donated capital, capital credits gain, and patron9s capital credits during the year.

Schedule R IRS990ScheduleR

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	OSAGE VALLEY TECHNOLOGIES LLC	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1321 N ORANGE	AddressLine1
City	Butler	City
State	MO	State
ZIP Code	647300151	ZIPCode

Field	Value	IRS element (for citing)
EIN	141876332	EIN
Primary Activity	TELECOMMUNICATIONS	PrimaryActivity
Legal Domicile State	MO	LegalDomicileState
Direct Controlling Entity NA	N/A	DirectControllingEntityNA
Type Of Entity	S Corp	TypeOfEntity
Share Of Total Income	-22481	ShareOfTotalIncome
Share Of EOY Assets	49518	ShareOfEOYAssets
Percentage Ownership	1.00000	PercentageOwnership
Controlled Org	false	ControlledOrg

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