DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION (EIN 62-0186725)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-12-19
- IRS object ID
- 201343539349300624
- Schema version
- 2012v2.2
- 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 | 2013-12-19T02:42:48-00:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDWARDS & PRINCE | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 334 | AddressLine1 |
| City | COLUMBIA | City |
| State | TN | State |
| ZIP Code | 384020334 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620186725 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DUCK RIVER ELECTRIC MEMBERSHIP CORP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DUCK | NameControl |
| Phone | 9316844621 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 89 | AddressLine1 |
| City | SHELBYVILLE | City |
| State | TN | State |
| ZIP Code | 37162 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SHELIA R ROARK | Name |
| Title | DIRECTOR FIN SVCS | Title |
| Date Signed | 2013-10-07 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | C ANTHONY EDWARDS | Name |
| Phone | 9313810667 | Phone |
| Date Prepared | 2013-10-07 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
Name Of Principal Officer Business NameOfPrincipalOfficerBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHELIA ROARK | BusinessNameLine1 |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 89 | AddressLine1 |
| City | SHELBYVILLE | City |
| State | TN | State |
| ZIP Code | 37162 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 182384548 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.dremc.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1936 | YearFormation |
| State Legal Domicile | TN | StateLegalDomicile |
| Activity Or Mission Description | RURAL ELECTRIC DISTRIBUTION TO 71,438 MEMBERS LOCATED PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY and MOORE COUNTIES IN MIDDLE TENNESSEE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 165 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 172787945 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 180987388 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1635757 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1284392 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 107121 | OtherRevenuePriorYear |
| Other Revenue Current Year | 87328 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 174530823 | TotalRevenuePriorYear |
| Total Revenue Current Year | 182359108 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 5182817 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 9295380 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11493967 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 12136743 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 157854039 | OtherExpensePriorYear |
| Other Expenses Current Year | 160926985 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 174530823 | TotalExpensesPriorYear |
| Total Expenses Current Year | 182359108 | TotalExpensesCurrentYear |
| Revenues Less Expenses CY | 0 | RevenuesLessExpensesCY |
| Total Assets BOY | 215912453 | TotalAssetsBOY |
| Total Assets EOY | 215076737 | TotalAssetsEOY |
| Total Liabilities BOY | 127672692 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 122069455 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 88239761 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 93007282 | NetAssetsOrFundBalancesEOY |
| Mission Description | PROVIDING ELECTRIC SERVICE TO 71,438 MEMBERS PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY and MOORE COUNTIES IN MIDDLE TENNESSEE. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 182359108 | Expense |
| Revenue | 182359108 | Revenue |
| Description | PROVIDING ELECTRIC SERVICE TO 71,438 MEMBERS PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY and MOORE COUNTIES IN MIDDLE TENNESSEE SINCE THE FORMATION OF THE COOPERATIVE IN MAY OF 1936. | Description |
| Total Program Service Expense | 182359108 | 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 |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | 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 | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 91 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 165 | 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 |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Gross Income From Members | 179929547 | GrossIncomeFromMembers |
| Gross Income Other Sources | 2429561 | GrossIncomeOtherSources |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | 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 | TN | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SHELIA R ROARK DIRECTOR FIN SVCS | NamePerson |
| Telephone Number | 9316844621 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 305 LEARNING WAY | AddressLine1 |
| City | SHELBYVILLE | City |
| State | TN | State |
| ZIP Code | 37160 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 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 | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| JAMES BRENT WILLIS | |||||||||
| CHAIRMAN | 005.50 | X | X | 12490 | 0 | 0 | |||
| BUFORD JENNINGS | |||||||||
| VICE CHAIRMAN | 004.00 | X | X | 9870 | 0 | 0 | |||
| BARRY COOPER | |||||||||
| SECRETARY | 004.80 | X | X | 9585 | 0 | 0 | |||
| JOHN MOSES | |||||||||
| TREASURER | 003.85 | X | X | 9555 | 0 | 0 | |||
| ANTHONY KIMBROUGH | |||||||||
| DIRECTOR | 005.30 | X | 9085 | 0 | 0 | ||||
| MIKE ENGLAND | |||||||||
| DIRECTOR | 003.85 | X | 10755 | 0 | 0 | ||||
| ROBERT DUBOIS | |||||||||
| DIRECTOR | 003.25 | X | 11715 | 0 | 0 | ||||
| PHILIP DUNCAN | |||||||||
| DIRECTOR | 003.10 | X | 7365 | 0 | 0 | ||||
| KENNETH STACY | |||||||||
| DIRECTOR | 002.70 | X | 9600 | 0 | 0 | ||||
| LAURA WILLIS | |||||||||
| DIRECTOR | 003.70 | X | 8370 | 0 | 0 | ||||
| NELSON CROUCH | |||||||||
| DIRECTOR | 004.60 | X | 8860 | 0 | 0 | ||||
| WAYNE TUCKER | |||||||||
| DIRECTOR | 002.40 | X | 6555 | 0 | 0 | ||||
| BAXTER WHITE | |||||||||
| DIRECTOR | 002.70 | X | 7870 | 0 | 0 | ||||
| JAMES M ALLISON | |||||||||
| PRESIDENT/CEO | 050.00 | 234765 | 0 | 149032 | X | ||||
| MICHAEL WATSON | |||||||||
| VICE PRESIDENT | 048.00 | 139754 | 0 | 48511 | X | ||||
| BLAKE BUTLER | |||||||||
| DIRECTOR OF ENGINEERING | 044.00 | 135019 | 0 | 52371 | X | ||||
| SHELIA ROARK | |||||||||
| DIRECTOR OF FINANCE | 044.00 | 116362 | 0 | 57718 | X | ||||
| MARK BROTHERS | |||||||||
| WORKING FOREMAN | 057.50 | 115854 | 0 | 31695 | X | ||||
| DAVID YOUNG | |||||||||
| DISTRICT MANAGER | 044.00 | 114469 | 0 | 38062 | X | ||||
| BRAD GIBSON | |||||||||
| DIRECTOR OF MEMBER SERVICES | 043.00 | 120396 | 0 | 22677 | X | ||||
| RONALD ALDRIDGE | |||||||||
| DISTRICT MANAGER | 050.00 | 107626 | 0 | 8928 | X | ||||
| JIM MARTIN | |||||||||
| DIRECTOR OF FINANCE | 0 | 0 | 13895 | X | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1205920 | TotalReportableCompFromOrg |
| Total Other Compensation | 422889 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | true | 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 |
|---|---|---|---|---|---|
| WOLF TREE INC | |||||
| P O BOX 415000-0046 | NASHVILLE | TN | 37241 | TREE TRIMMING | 1564528 |
| SOUTHEAST WOODLAND SERVICES | |||||
| 431 CAINES LANDING ROAD | CONWAY | SC | 29526 | R-O-W SPRAYING | 471054 |
| THE DAVEY TREE EXPERT COMPANY | |||||
| P O BOX 5193 | KENT | OH | 44240 | 413894 | |
| T & D SOLUTIONS | |||||
| P O BOX 11948 | ALEXANDRIA | LA | 71315 | ELECTRIC LINE CONSTRUCTION | 1536958 |
| DILLARD SMITH CONSTRUCTION | |||||
| P O BOX 277790 | ATLANTA | GA | 30384 | METER READING SERVICE | 710285 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| SALE OF ELECTRICITY | 221000 | 176127566 | 176127566 | |
| POLE RENTAL | 531190 | 2571324 | $2,571,324 | |
| MISCELLANEOUS | 221000 | 2342233 | 2342233 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 180987388 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1048299 | TotalRevenueColumn |
| Exclusion | $1,048,299 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 261533 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 25440 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 236093 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 236093 | TotalRevenueColumn |
| Related Or Exempt Function Income | 236093 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PATRONAGE CAPITAL REFUND | Description |
| Business Code | 221000 | BusinessCode |
| Total Revenue Column | 87328 | TotalRevenueColumn |
| Related Or Exempt Function Income | 87328 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 87328 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 182359108 | TotalRevenueColumn |
| Related Or Exempt Function Income | 178739485 | RelatedOrExemptFunctionIncome |
| Exclusion | $3,619,623 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9295380 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 508835 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7147458 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2013563 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1947862 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 519025 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 144064 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22775 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees For Services Prof Fundraising | FeesForServicesProfFundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 316744 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 243962 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 329303 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28482 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 308866 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3782009 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7304186 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 506899 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF ELECTRICITY SOLD | 134735236 |
| DISTRIBUTION MAINTENANCE EXPENSE | 3941959 |
| DISTRIBUTION OPERATIONS EXPENSE | 3498855 |
| ADMINISTRATIVE GENERAL EXPENSE | 3577728 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2185917 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 182359108 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3403411 | BOY |
| EOY | 4475988 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26800000 | BOY |
| EOY | 23500000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11477359 | BOY |
| EOY | 11596985 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 322500 | BOY |
| EOY | 270000 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1386058 | BOY |
| EOY | 1554567 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5939700 | BOY |
| EOY | 5578870 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 232084349 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 71923227 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 158907250 | BOY |
| EOY | 160161122 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7676175 | BOY |
| EOY | 7939205 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 215912453 | BOY |
| EOY | 215076737 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27768340 | BOY |
| EOY | 27140167 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78216601 | BOY |
| EOY | 69702807 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21687751 | BOY |
| EOY | 25226481 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127672692 | BOY |
| EOY | 122069455 | 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 | 741230 | BOY |
| EOY | 747220 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 87498531 | BOY |
| EOY | 92260062 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88239761 | BOY |
| EOY | 93007282 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 215912453 | BOY |
| EOY | 215076737 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 0 | ReconcilationRevenueExpenses |
| Reconcilation Prior Adjustment | 4767521 | ReconcilationPriorAdjustment |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Included On FS | false | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1765451 | OtherCostOrOtherBasis |
| Book Value | 1765451 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14425039 | OtherCostOrOtherBasis |
| Depreciation | 5091070 | Depreciation |
| Book Value | 9333969 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9765736 | OtherCostOrOtherBasis |
| Depreciation | 6582720 | Depreciation |
| Book Value | 3183016 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 206128123 | OtherCostOrOtherBasis |
| Depreciation | 60249437 | Depreciation |
| Book Value | 145878686 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 160161122 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription |
|---|
| Financial derivatives and other financial products |
| Closely-held equity interests |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Federal income taxes | |
| OTHER LIABILITIES | $1,890,769 |
| PENSION LIABILITY - FASB158 | $14,837,304 |
| CUSTOMER DEPOSITS | $6,829,222 |
| ADVANCES FOR CONSTRUCTION | $1,669,186 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 25226481 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 182359108 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 182359108 | RevenueSubtotal |
| Total Revenue Per Form990 | 182359108 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 173063728 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 173063728 | ExpensesSubtotal |
| Other Expenses Not Included | 9295380 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 9295380 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 182359108 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | I | Identifier |
| Explanation | 9,295,380 -- NET MARGIN ALLOCATED TO MEMBERS. THIS ALLOCATION IS REPORTED ON FORM 990, PART IX, LINE 4. THE COOPERATIVE IS PROHIBITED FROM THE RETIREMENT OF THESE MEMBER-ALLOCATED MARGINS BY ITS REGULATOR, THE TENNESSEE VALLEY AUTHORITY. . | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| 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 | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg |
|---|---|---|---|
| JAMES M ALLISON | |||
| PRESIDENT/CEO | 234765 | 149032 | 383797 |
| MICHAEL WATSON | |||
| VICE PRESIDENT | 139754 | 48511 | 188265 |
| BLAKE BUTLER | |||
| DIRECTOR OF ENGINEERING | 135019 | 52371 | 187390 |
| SHELIA ROARK | |||
| 116362 | 57718 | 174080 | |
| DAVID YOUNG | |||
| DIRECTOR OF FINANCE | 114469 | 38062 | 152531 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| I | 1A | EMPLOYEE REIMBURSEMENT OF HEALTH CLUB MEMBERSHIP DUES ALLOWANCE OF 50 OF DUES PAID TO A MAXIMUM OF 200 PER YEAR PER EMPLOYEE UPON PRESENTATION OF A PAID RECEIPT. NO HEALTH CLUB DUES WERE REIMBURSED TO ANY OFFICERS, DIRECTORS, TRUSTEES OR THE PRESIDENT CEO. |
| I | 4B | NO PAYMENTS WERE MADE TO ANY PARTICIPANT OF THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN FOR THE YEAR ENDING 6-30-2013. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BAXTER WHITE | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | CURRENT BOARD OF DIRECTORS | Relationship |
| Amount Of Transaction | 120396 | AmountOfTransaction |
| Description Of Transaction | SEE EXPLANATION BELOW | DescriptionOfTransaction |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | IV | Identifier |
| Return Reference | 1 | ReturnReference |
| Explanation | DREMC PURCHASED 11 VEHICLES DURING FISCAL YEAR 2013. AL WHITE MOTORS WAS THE LOW BID ON 5 OF THE 11. DREMC PURCHASED 5 TRUCKS TOTALING 120,396. BAXTER WHITE IS PART OF THE FAMILY-OWNED ENTERPRISE, AL WHITE MOTORS, IN MANCHESTER, TENNESSEE. WHEN PURCHASING VEHICLES, DUCK RIVER ELECTRIC RECEIVES BIDS FROM APPROXIMATELY NINE VENDORS. DURING THE FISCAL YEAR JULY 2012 - JUNE 2013, AL WHITE MOTORS WAS THE LOW BIDDER ON 5 OF THE 11 VEHICLES PURCHASED. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| ExplanationExplanation |
|---|
| Form 990 Part VI Section A Line 6 THE COOPERATIVE HAS MEMBERS THAT PAY A 10 MEMBERSHIP FEE WHEN ESTABLISHING METERED SERVICE FOR ELECTRICITY. |
| Form 990 Part VI Section A Line 7a MEMBERS ARE ENTITLED TO VOTE FOR THE DIRECTORS ON THE BALLOT WHO REPRESENT THE SERVICE AREA IN WHICH THE MEMBERS RESIDE. |
| Form 990 Part VI Section A Line 7b DECISIONS TO SELL THE COOPERATIVE REQUIRE MEMBER APPROVAL. CHANGES TO THE BYLAWS MAY BE SUBMITTED FOR MEMBERS APPROVAL. |
| Form 990 Part VI Section B Line 11 THE COOPERATIVES BOARD MEMBERS COMPLETED QUESTIONNAIRES WHICH WERE THEN USED FOR COMPLETION OF IRS FORM 990. THE BOARD ALSO REVIEWED THE COOPERATIVES PRIOR YEAR IRS FORM 990, INFORMATION REGARDING CHANGES BY THE IRS FOR THE CURRENT YEAR AND A COMPLETED IRS FORM 990 FOR THE CURRENT YEAR AT A SERIES OF BOARD MEETINGS, THE LAST OF WHICH WAS HELD ON OCTOBER 23, 2013. |
| Form 990 Part VI Section B Line 12c ALL BOARD MEMBERS COMPLETED A QUESTIONNAIRE ON VARIOUS MATTERS TO BE USED IN COMPLETING IRS FORM 990. THE QUESTIONNAIRE CONTAINED QUESTIONS PERTAINING TO POTENTIAL CONFLICTS OF INTEREST THAT WOULD REQUIRE DISCLOSURE. |
| Form 990 Part VI Section B Line 15 COMPENSATION FOR THE PRESIDENT AND CEO IS SET BY THE BOARD BASED UPON RECOMMENDATIONS FROM A COMMITTEE CONSISTING OF BOARD OFFICERS AND DIRECTORS. THE COMMITTEE AND THE BOARD RELY ON STUDIES AND REVIEWS PERFORMED BY AN INDEPENDENT COMPENSATION CONSULTANT SELECTED BY THE BOARD, AS WELL AS ON DATA FROM THE U. S. BUREAU OF LABOR STATISTICS, SURVEYS PERFORMED BY VARIOUS TRADE ORGANIZATIONS AND SURVEYS PERFORMED AT THE COMMITTEES REQUEST. THE BOARD, BASED ON RECOMMENDATIONS FROM THE INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE, SETS THE COMPENSATION FOR THE PRESIDENT AND CEO, APPROVES SALARY RANGES AND A BUDGET FOR ADJUSTMENT THERETO FOR ALL EMPLOYEES. THE PRESIDENT AND CEO THEN MAKES SPECIFIC INDIVIDUAL SALARY DECISIONS FOR KEY EMPLOYEES. |
| Form 990 Part VI Section C Line 19 GOVERNING DOCUMENTS SUCH AS THE COOPERATIVESS BYLAWS ARE PROVIDED TO EACH NEW MEMBER REQUESTING ELECTRIC SERVICE. GOVERNING DOCUMENTS ARE PROVIDED TO ANY CURRENT MEMBERS WHO REQUEST SUCH DOCUMENTS AT THE COOPERATIVES OFFICES. THE GOVERNING DOCUMENTS ARE ALSO POSTED AND AVAILABLE TO ALL MEMBERS AND THE GENERAL PUBLIC ON THE COOPERATIVES WEBSITE. THE COOPERATIVES FINANCIAL INFORMATION IS PUBLISHED ANNUALLY IN THE TENNESSEE MAGAZINE, WHICH IS A MONTHLY PERIODICAL PROVIDED TO THE COOPERATIVES MEMBERSHIP. THE ANNUAL FINANCIAL INFORMATION IS PROVIDED TO EACH MEMBER ATTENDING THE COOPERATIVES ANNUAL MEETING. THE COOPERATIVES CONFLICT OF INTEREST POLICIES ARE ALSO POSTED ON THE COOPERATIVES WEBSITE. |
| Form 990 Part XI Line 9 4,767,521 INCREASE IN MEMBERSHIPS 5,990 AMORTIZATION OF POST-RETIREMENT BENEFITS 377,040 AND MEDICAL 65,280 UNREALIZED LOSS ON PENSION 7,321,640 AND MEDICAL 288,577 ACTUARIAL PENSION ADJUSTMENT 1,490,546 AMORTIZATION OF PRIOR SERVICE COST - FASB 106 PENSION 659,692 AND MEDICAL 122,332 ADJUST SETTLEMENT LOSS PENSION EXPENSE 1,246,118 NET MARGIN ALLOCATED TO MEMBERS 9,295,380 |
| Form 990 Part XII Line 2c THE COOPERATIVE HAS AN AUDIT COMMITTEE COMPOSED OF 5 MEMBERS OF THE COOPERATIVES BOARD OF DIRECTORS. THIS COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE COOPERATIVES AUDIT AND RECOMMENDS THE INDEPENDENT AUDITOR. THIS PROCESS HAS BEEN IN PLACE FOR SEVERAL YEARS. |