PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION (EIN 64-0219645)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-03-14
IRS object ID: 201210749349301031
Schema version: 2011v1.2
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-03-14T16:36:16-07:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Nicholson & Company PLLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	P O Drawer 15099	AddressLine1
City	Hattiesburg	City
State	MS	State
ZIP Code	394045099	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	640219645	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PEARL RIVER VALLEY	BusinessNameLine1
Business Name Line2	ELECTRIC POWER ASSOCIATION	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	PEAR	NameControl
Phone	6017362666	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	POST OFFICE BOX 1217	AddressLine1
City	COLUMBIA	City
State	MS	State
ZIP Code	39429	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	RANDY WALLACE	Name
Title	GENERAL MANAGER	Title
Date Signed	2012-03-14	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Susan A Riley CPA	Name
Phone	6012643519	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	RANDY WALLACE	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	POST OFFICE BOX 1216	AddressLine1
City	COLUMBIA	City
State	MS	State
ZIP Code	39429	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	119367095	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
All Affiliates Included	false	AllAffiliatesIncluded
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Association	X	TypeOfOrganizationAssociation
Year Formation	1938	YearFormation
State Legal Domicile	MS	StateLegalDomicile
Activity Or Mission Description	THE ASSOCIATION'S MISSION IS TO PROVIDE ELECTRIC POWER TO RESIDENTIAL AND COMMERICAL CONSUMERS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	0	NbrIndependentVotingMembers
Total Nbr Employees	144	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	123686313	ProgramServiceRevenuePriorYear
Program Service Revenue CY	119084415	ProgramServiceRevenueCY
Investment Income Prior Year	410364	InvestmentIncomePriorYear
Investment Income Current Year	261571	InvestmentIncomeCurrentYear
Other Revenue Prior Year	19727	OtherRevenuePriorYear
Other Revenue Current Year	21109	OtherRevenueCurrentYear
Total Revenue Prior Year	124116404	TotalRevenuePriorYear
Total Revenue Current Year	119367095	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	9807563	SalariesEtcPriorYear
Salaries Etc Current Year	9617410	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	107459668	OtherExpensePriorYear
Other Expenses Current Year	103467645	OtherExpensesCurrentYear
Total Expenses Prior Year	117267231	TotalExpensesPriorYear
Total Expenses Current Year	113085055	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	6849173	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	6282040	RevenuesLessExpensesCY
Total Assets BOY	190696040	TotalAssetsBOY
Total Assets EOY	201289953	TotalAssetsEOY
Total Liabilities BOY	120846275	TotalLiabilitiesBOY
Total Liabilities EOY	138117775	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	69849765	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	63172178	NetAssetsOrFundBalancesEOY
Mission Description	THE ASSOCIATION'S MISSION IS TO PROVIDE ELECTRIC POWER TO RESIDENTIAL AND COMMERICAL CONSUMERS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Revenue	119084415	Revenue
Description	PRVEPA PROVIDED ELECTRIC POWER TO 47,058 CONSUMERS DURING 2011.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
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	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	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
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
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	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
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	21	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	144	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Form990-T Filed	false	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Form8886 T Filed	false	Form8886TFiled
Non Deductible Contributions	false	NonDeductibleContributions
Non Deductible Disclosure	false	NonDeductibleDisclosure
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Gross Income From Members	117099370	GrossIncomeFromMembers
Gross Income Other Sources	2254945	GrossIncomeOtherSources
Filed Lieu1041	false	FiledLieu1041
Licensed More Than One State	false	LicensedMoreThanOneState
Indoor Tanning Services	false	IndoorTanningServices
Form720 Filed	false	Form720Filed
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	0	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
Policies Reference Chapters	false	PoliciesReferenceChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	false	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	RANDY WALLACE	NamePerson
Telephone Number	6017362666	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	HIGHWAY 13 NORTH	AddressLine1
City	COLUMBIA	City
State	MS	State
ZIP Code	39429	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (14 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee
WILLIAM PITTMAN
FINANCIAL MGR	50.00	X	97093	0	15595
WA KENDRICK
President	7.00		22550	0	0	X
SAM CAIN
OPERATIONS MANAGER	0.00		176782	0	25159		X
RANDY WALLACE
GENERAL MANAGER	50.00	X	235881	0	37420
MATTHEW WARE
DISTRICT MANAGER	40.00		101088	0	20385			X
LAWRENCE W WARREN
Vice President	2.00		17550	0	0	X
LAVELL BOND
Director	7.00		21800	0	0	X
KELLY SPEIGHTS
Director	8.00		21000	0	0	X
JJ SHELTON III
Director	9.00		19800	0	0	X
HUGH GENE SMITH
DIRECTOR	6.00		21800	0	0	X
DANNY WILKS
Director	12.00		19950	0	0	X
CR STUCKEY
MANAGER, MEMBER SV	40.00		102444	0	14053			X
BYRUS HURT
Director	6.00		21086	0	0	X
BF HUDSON JR
Secretary/Treas	9.00		22550	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	901374	TotalReportableCompFromOrg
Total Other Compensation	112612	TotalOtherCompensation
Number Individuals GT100 K	4	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
VFP INC
PO BOX 890358	CHARLOTTE	NC	282890358	MODLR STRCTURE CONST	564383
PIERCON INC
23 LIBERTY PLACE	HATTIESBURG	MS	39402	CONSTRUCTION	548716
MDR CONSTRUCTION
621 E BAYLIS CHAPEL ROAD	COLUMBIA	MS	39429	CONSTRUCTION	627355
M&M LINE CLEARANCE
PO BOX 505	LAUREL	MS	39441	RIGHT OF WAY MAINT	2575687
LOOKS GREAT SERVICES
259 RIVER ROAD	COLUMBIA	MS	39429	RIGHT OF WAY MAINT	778505

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	5	NumberOfContractorsGT100K
Total Contributions	0	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
PATRONAGE CREDITS	4488289	4488289
ELECTRIC SALES MEMBER	113662629	113662629
ELECTRIC PLANT LEASED	151000	151000
COMMON USE POLE RENTAL	782497	782497

Field	Value	IRS element (for citing)
Total Program Service Revenue	119084415	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	255376	TotalRevenueColumn
Related Or Exempt Function Income	255376	RelatedOrExemptFunctionIncome

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	6195	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	6195	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	6195	TotalRevenueColumn
Related Or Exempt Function Income	6195	RelatedOrExemptFunctionIncome

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
SURGE PROTECTOR SALES
MISCELLANEOUS INCOME	3100	3100
METER SOCKET SALES	18009	18009

Field	Value	IRS element (for citing)
Total Other Revenue	21109	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	119367095	TotalRevenueColumn
Related Or Exempt Function Income	119367095	RelatedOrExemptFunctionIncome

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	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	776016	Total

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	4841533	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	1456071	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	2088812	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	454978	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	42510	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	90142	Total

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

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	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	592323	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	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	90825	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	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	5592108	Total

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	5354004	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	0	Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal
TAXES - OTHER	566845
MAINTENANCE OF RIGHT-OF-WAY	3330946
MAINTENANCE OF OVERHEAD LINES	722502
COST OF PURCHASED POWER	83930210
CONSUMER RECORDS & COLLECTION	753809

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	2401421	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	113085055	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	2638936	BOY
EOY	5613395	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
EOY	0	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
EOY	0	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	12937640	BOY
EOY	12530930	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
EOY	0	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	2823021	BOY
EOY	2762032	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	240859	BOY
EOY	435961	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	203484908	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	56816551	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	142527542	BOY
EOY	146668357	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	29528042	BOY
EOY	33279278	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	190696040	BOY
EOY	201289953	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	17522549	BOY
EOY	27111361	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	99586629	BOY
EOY	107153561	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	3737097	BOY
EOY	3852853	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	120846275	BOY
EOY	138117775	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	340080	BOY
EOY	336425	EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	608057	BOY
EOY	608057	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	68901628	BOY
EOY	62227696	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	69849765	BOY
EOY	63172178	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	190696040	BOY
EOY	201289953	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	6282040	ReconcilationRevenueExpenses
Reconcilation Other Changes	-12959627	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	203484908	OtherCostOrOtherBasis
Depreciation	56816551	Depreciation
Book Value	146668357	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	146668357	TotalOfBookValueLandBuildings

Other Assets OtherAssets (2 entries)

DescriptionDescription	Book ValueBookValue
PATRONAGE CAPITAL	32551260
INTEREST & DIVIDEND INCOME REC	728018

Field	Value	IRS element (for citing)
Total Book Value Other Assets	33279278	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescription	AmountAmount
UNEARNED LEASE INCOME	$10,417
UNAMORTIZED GAIN ON REACQUIRED DEBT	$664,850
OTHER LIABILITY-UNDERFUNDED POST RETIRE	$500,462
CURRENT PORTION-UNDERFUNDED POST RET	$27,434
CONSUMER DEPOSITS	$2,649,690

Field	Value	IRS element (for citing)
Total Of Amounts	3852853	TotalOfAmounts
Total Revenue	119367095	TotalRevenue
Total Expenses	113085055	TotalExpenses
Excess Or Deficit For Year	6282040	ExcessOrDeficitForYear
Other	$136,935	OtherAmount
Total Adjustments	136935	TotalAdjustments
Excess Or Deficit Per FS	6418975	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	119354315	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	119354315	RevenueSubtotal
Other Revenues Not Included	12780	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	12780	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	119367095	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	112935340	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	112935340	ExpensesSubtotal
Other Expenses Not Included	149715	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	149715	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	113085055	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Part X	Part X : FIN48 Footnote	On January 1, 2010, the Association adopted the provisions of FASB ASC 740, Income Taxes. FASB ASC 740 clarifies the accounting for uncertainty in tax positions and the recognition of such income tax positions taken or expected to be taken in the Association's income tax returns. The Association's income tax returns are subject to examination by the IRS, generally for three years after they were filed. In evaluating the Association's tax positions, the Association believes their estimates are appropriate based on current fact and circumstances and that no uncertain positions were taken.
Part XIII, Line 4b	Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S	AMORT OF GAIN OF L. T. DEBT $136935 COST OF SURGE PROTECTOR EQUIPMENT $529 COST OF METER SOCKET LEASED $12251
Part XII, Line 4b	Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S	COST OF SURGE PROTECTOR EQUIPMENT $529 COST OF METER SOCKET LEASED $12251
Part XI, Line 8	Part XI, Line 8: Other Changes in Net Assets or Fund Balances	GAIN ON REACQUISITION OF DEBT $136935 Distributions of capital credits $ -1970818 Defined benefit plan net loss $ -11122089 Decrease in Membership Equity $ -3655

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
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 (2 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg
SAM CAIN
176782	15626	9533	201941	205567
RANDY WALLACE
235881	27887	9533	273301	263414

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990, Part VI, Line 19	Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	Governing documents, conflict of interest policy, and financial statements are made available to the public on request.
Form 990, Part VI, Line 15b	Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	The compensation of the General Manager is determined by using comparability data and is approved by the Board of Directors. The compensation of other officers and key employees is determined using comparability data,is inititally approved and recommended by the General Manager, and is then given final approval by the Board of Directors.
Form 990, Part VI, Line 12c	Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts	A questionnaire is sent annually to all employees requesting information regarding possible conflicts of interest. These questionnaires are reviewed by the General Manager.
Form 990, Part VI, Line 11	Form 990, Part VI, Line 11: Form 990 Review Process	The Manager of Accounting and Financial Services provides the independent auditors with information used in preparing the Form 990. The completed form is then reviewed by the Manager of Accounting and Financial Services and by the General Manager. The General Manager then presents the Form 990 to the Board of Directors for their review.