TAYLOR ELECTRIC COOPERATIVE INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: TAYLOR ELECTRIC COOPERATIVE INC (EIN 75-0597925)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-09-24
IRS object ID: 201342679349300204
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
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-09-24T08:07:27-05:00	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	BRISCOE BURKE & GRIGSBY LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	4120 EAST 51ST STREET SUITE 100	AddressLine1
City	TULSA	City
State	OK	State
ZIP Code	741353633	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	750597925	EIN

Name Name

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

Field	Value	IRS element (for citing)
Name Control	TAYL	NameControl
Phone	3257938500	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 250	AddressLine1
City	MERKEL	City
State	TX	State
ZIP Code	79536	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DARRYL SCHRIVER	Name
Title	CEO	Title
Phone	3257938500	Phone
Date Signed	2013-09-04	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	SEAN B DUNAHAY CPA	Name
Phone	9187498337	Phone
Date Prepared	2013-09-20	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)
Gross Receipts	36889654	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.TAYLORELECTRIC.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1939	YearFormation
State Legal Domicile	TX	StateLegalDomicile
Activity Or Mission Description	TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	76	TotalNbrEmployees
Total Gross UBI	17498	TotalGrossUBI
Net Unrelated Business Txbl Income	-5909	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	37798575	ProgramServiceRevenuePriorYear
Program Service Revenue CY	33660522	ProgramServiceRevenueCY
Investment Income Prior Year	2697222	InvestmentIncomePriorYear
Investment Income Current Year	3032523	InvestmentIncomeCurrentYear
Other Revenue Prior Year	-149042	OtherRevenuePriorYear
Other Revenue Current Year	-53186	OtherRevenueCurrentYear
Total Revenue Prior Year	40346755	TotalRevenuePriorYear
Total Revenue Current Year	36639859	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	6241184	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	6596125	BenefitsPaidToMembersCY
Salaries Etc Prior Year	567205	SalariesEtcPriorYear
Salaries Etc Current Year	590933	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	33538366	OtherExpensePriorYear
Other Expenses Current Year	29453165	OtherExpensesCurrentYear
Total Expenses Prior Year	40346755	TotalExpensesPriorYear
Total Expenses Current Year	36640223	TotalExpensesCurrentYear
Revenues Less Expenses CY	-364	RevenuesLessExpensesCY
Total Assets BOY	98109899	TotalAssetsBOY
Total Assets EOY	105870685	TotalAssetsEOY
Total Liabilities BOY	58137737	TotalLiabilitiesBOY
Total Liabilities EOY	59716985	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	39972162	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	46153700	NetAssetsOrFundBalancesEOY
Mission Description	TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	SALES OF ELECTRIC POWER TO MEMBERS SERVICES WERE PROVIDED POWER AT YEAR END AT COST ON A COOPERATIVE BASIS.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
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	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	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	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
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	92	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	76	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	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	33653320	GrossIncomeFromMembers
Gross Income Other Sources	2986539	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	true	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	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	TX	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

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

Field	Value	IRS element (for citing)
Telephone Number	3257938500	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	226 CR 287	AddressLine1
City	MERKEL	City
State	TX	State
ZIP Code	79536	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (11 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
DAVID MCFALL
DIRECTOR	7.00	1.00	X	18750	2300	0
TONY HAM
DIRECTOR	12.00	1.00	X	18500	2300	0
LARRY SLOAN
DIRECTOR	8.00	1.00	X	18500	2300	0
SYBIL NORRIS
DIRECTOR	8.00	1.00	X	17850	2300	0
HOLLIS ELLIS
DIRECTOR	7.00	1.00	X	17800	2300	0
GAYLE GOLLIHAR
DIRECTOR	6.00	1.00	X	17400	2300	0
PARKS THOMAS
SECRETAR/TRE	5.00	1.00	X	16900	2300	0
LELAND ROBINSON
BOARD CHAIRM	7.00	1.00	X	16550	2300	0
CECIL DAVIS
BOARD VICE C	3.00	1.00	X	13100	2200	0
DARRYL SCHRIVER
GENERAL MANA	40.00			268253	0	64538	X
MISTI HAYS
CONTROLLER	40.00			73712	0	29080	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	497315	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	20600	TotalReportableCompFrmRltdOrgs
Total Other Compensation	93618	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 (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
ASPLUNDH TREE EXPERT CO
1700 SOLUTIONS CENTER	CHICAGO	IL	60677	TREE TRIMMING	517700
WESTEX CONNECT INTERNET SVCS
500 CHESTNUT ST STE 1901	ABILENE	TX	79602	WIRELESS SVCS	130735
TAYLOR DEVELOPMENT CORP
PO BOX 638	MERKEL	TX	79536		101289

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	3	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	33660522	TotalRevenueColumn
Related Or Exempt Function Income	33660522	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	33660522	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	2989566	TotalRevenueColumn
Unrelated Business Revenue	7347	UnrelatedBusinessRevenue
Exclusion	$2,982,219	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	66271	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	5877	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	60394	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	60394	TotalRevenueColumn
Exclusion	$60,394	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	42957	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	42957	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	42957	TotalRevenueColumn
Exclusion	$42,957	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	137540	GrossSalesOfInventory
Cost Of Goods Sold	243918	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	-106378	TotalRevenueColumn
Unrelated Business Revenue	10151	UnrelatedBusinessRevenue
Exclusion	-$116,529	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER INCOME - RELATED	Description
Total Revenue Column	-7202	TotalRevenueColumn
Exclusion	-$7,202	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	-7202	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	36639859	TotalRevenueColumn
Related Or Exempt Function Income	33660522	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	17498	UnrelatedBusinessRevenue
Exclusion	$2,961,839	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	6596125	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	590933	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	3301204	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	3123031	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
COST OF POWER	16092078
DISTRIBUTION	2348748
OTHER	1420383
CONSUMER & CUSTOMER ACCOU	1052537

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	2115184	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	36640223	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	2949350	BOY
EOY	5079250	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	3557189	BOY
EOY	2937399	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	52139	BOY
EOY	67899	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1387349	BOY
EOY	1236328	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	107601320	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	34811127	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	69069836	BOY
EOY	72790193	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	21094036	BOY
EOY	23759616	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	98109899	BOY
EOY	105870685	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	2982992	BOY
EOY	2651165	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	53518575	BOY
EOY	55611343	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1636170	BOY
EOY	1454477	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	58137737	BOY
EOY	59716985	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	96905	BOY
EOY	98885	EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	395095	BOY
EOY	530575	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	39480162	BOY
EOY	45524240	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	39972162	BOY
EOY	46153700	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	98109899	BOY
EOY	105870685	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-364	ReconcilationRevenueExpenses
Reconcilation Other Changes	6181902	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	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	244254	OtherCostOrOtherBasis
Book Value	244254	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	107357066	OtherCostOrOtherBasis
Depreciation	34811127	Depreciation
Book Value	72545939	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	72790193	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (7 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
INVESTMENTS IN ASSOCIATED	19187933	C
MEMBER CAPITAL SECURITIES	2200000	C
CFC	1522513	C
POWER COST RECOVERY - UNDERBILLED	494208	C
INVESTMENT IN SUB.	195997	C
CASH SURRENDER VALUE OF EMPLOYEE INS	138731	F
NON-UTILITY PROPERTY	20234	C

Field	Value	IRS element (for citing)
Total Of Book Value Securities	23759616	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
CONSUMER DEPOSITS	$795,032
DEFERRED CREDITS	$659,445

Field	Value	IRS element (for citing)
Total Of Amounts	1454477	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	36746450	TotRevenueEtcAuditedFinclStmt
Other Revenues	106591	OtherRevenues
Revenue Not Rptd F990	106591	RevenueNotRptdF990
Revenue Subtotal	36639859	RevenueSubtotal
Total Revenue Per Form990	36639859	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	30044098	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	30044098	ExpensesSubtotal
Other Expenses Not Included	6596125	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	6596125	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	36640223	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (12) OF THE INTERNAL REVENUE CODE. MORE THAN 85% OF THE GROSS INCOME IS COLLECTED FROM MEMBERS. TAYLOR DEVELOPMENT COOPERATIVE IS A TAXABLE C- COOPERATIVE AND IS REQUIRED TO PAY FEDERAL INCOME TAX. THE TAX YEARS PRIOR TO 2008 GENERALLY ARE NOT SUBJECT TO EXAMINATION BY THE U.S. FEDERAK AND MOST STATE TAX AUTHORITIES.
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 2D	NET MARGINS FROM SUBSIDIARY 106,591
EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 4B	PATRONAGE DIVIDENDS - ALLOCATED 6,596,125

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Form990 Of Other Organizations	X	Form990OfOtherOrganizations
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	DARRYL SCHRIVER	NamePerson
Title	GENERAL MANAGERCEO	Title
Base Compensation Filing Org	192281	BaseCompensationFilingOrg
Bonus Filing Org	73809	BonusFilingOrg
Other Compensation Filing Org	2163	OtherCompensationFilingOrg
Deferred Comp Filing Org	24864	DeferredCompFilingOrg
Nontaxable Benefits Filing Org	39674	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	332791	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (10 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	MEMBERS
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	YES
DECISIONS SUBJECT TO APPROVAL OF MEMBERS	FORM 990, PAGE 6, PART VI, LINE 7B	YES
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	REVIEW AND/OR APPROVAL BY THE BOARD.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	THE ORGANIZATION PERIODICALLY REVIEWS ITS CONFLICT OF INTERESTS POLICY WITH EMPLOYEES AND DIRECTORS.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	THE ORGANIZATION UTILITES INDUSTRY DATA, COMPENSATION SURVEYS AND COMPENSATION COMMITTES AS DEEMED NECESSARY.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	THE ORGANIZATION UTILITES INDUSTRY DATA, COMPENSATION SURVEYS AND COMPENSATION COMMITTES AS DEEMED NECESSARY.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	UPON REQUEST.
RECONCILIATION OF CHANGES - OTHER	FORM 990, PART XI, LINE 9	NET MARGINS FROM SUBSIDIARY 106,591 PATRONAGE DIVIDENDS - ALLOCATED 6,596,125
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 9	INCREASE IN MEMBERSHIPS 1,980 CHANGE TO OTHER EQUITIES 130,639 OTHER 4,843 RETIRMENT OF PATRONAGE CAPITAL FROM PRIOR YEARS 551,685 TRANSFER TO OTHER EQUITIES 106,591

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	TAYLOR ELECTRIC TRUST	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 250	AddressLine1
City	MERKEL	City
State	TX	State
ZIP Code	79536	ZIPCode

Field	Value	IRS element (for citing)
EIN	262612715	EIN
Primary Activities	CHARITY	PrimaryActivities
Legal Domicile State	TX	LegalDomicileState
Exempt Code Section	501C3	ExemptCodeSection
Public Charity Status	9	PublicCharityStatus

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	TAYLOR ELE	BusinessNameLine1

Field	Value	IRS element (for citing)
Controlled Org	false	ControlledOrg

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	TAYLOR DEVELOPMENT CORPORATION	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 250	AddressLine1
City	MERKEL	City
State	TX	State
ZIP Code	79536	ZIPCode

Field	Value	IRS element (for citing)
EIN	752684020	EIN
Primary Activity	ANS. PHONE	PrimaryActivity
Legal Domicile State	TX	LegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	TAYLOR ELE	BusinessNameLine1

Field	Value	IRS element (for citing)
Type Of Entity	C CORP	TypeOfEntity
Share Of Total Income	329783	ShareOfTotalIncome
Share Of EOY Assets	244365	ShareOfEOYAssets
Percentage Ownership	1.00000	PercentageOwnership
Controlled Org	false	ControlledOrg

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	true	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	true	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	true	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved	Method Of Amt DeterminationMethodOfAmtDetermination
TAYLOR ELECTRIC DEVELOPMENT
A	7347	ACCRUAL
TAYLOR ELECTRIC TRUST
Q	67103	ACCRUAL
TAYLOR ELECTRIC DEVELOPMENT
R	9962	ACCRUAL