2012-06-08T15:51:31-05:00 2011-12-31 161117932 BUFFAMANTE WHIPPLE BUTTAFARO PC 201 WEST THIRD STREET JAMESTOWN NY 14701 990 2011-01-01 240744667 TRI-COUNTY ELECTRIC COOPERATIVE TRI- 5706622175 22 MAIN STREET MANSFIELD PA 16933 CRAIG ECCHER 5706622175 2012-06-08 1 DAVID V DITANNA CPA P01368498 7166645104 2011 2016-02-24 21:20:13Z CRAIG ECCHER 22 MAIN STREET MANSFIELD PA 16933 26077969 0 1 X WWW.TRI-COUNTYREC.COM X 1937 PA PROVISION OF ELECTRICITY ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PA 9 9 54 0 0 0 0 0 0 0 47959 46859 12969100 13963520 13017059 14010379 0 0 0 0 296826 348455 0 0 0 11846643 11905046 12143469 12253501 873590 1756878 73644372 77460643 54307703 56456689 19336669 21003954 X PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PA 0 0 PROVISION OF ELECTRICITY ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PA PROVISION OF ELECTRICITY ON A COOPERATIVE BASIS TO RURAL CONSUMERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 50 0 1 54 1 0 0 0 0 0 0 0 0 0 0 0 24075030 2085244 0 X 9 9 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BARBARA JOHNSON 5706622175 22 MAIN STREET MANSFIELD PA 16933 DONALD BLACKWELL 4.00 X 3600 0 0 ALFRED CALKINS 4.00 X 9450 0 0 JAMES DAVIS 4.00 X X 4725 0 0 BARBARA SEELEY 4.00 X X 7875 0 0 ALSTON TEETER 4.00 X X 6750 0 0 NICHOLAS REITTER 4.00 X 7425 0 0 GERALD A KITE 4.00 X 9000 0 0 FRED IRISH 4.00 X 5850 0 0 LOWELL GEISER 4.00 X 9225 0 0 CRAIG ECCHER 40.00 X 89317 0 42074 BARBARA JOHNSON 40.00 X 84633 0 42414 JOHN LYKENS 40.00 X 110605 0 51164 348455 0 135652 1 0 1 0 LEWIS TREE SERVICE PO BOX 8000 BUFFALO NY 14267 TREE TRIMMING 722183 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 30353 TREE TRIMMING 475270 BNF CONSTRUCTION 261 TRAIL 353 ROARING SPRINGS PA 16673 CONSTRUCTION 135985 3 46859 46859 24075030 12067590 12007440 12007440 PATRONAGE CAPITAL 221000 1107523 1107523 EQUITY IN EARNINGS OF 221000 531779 531779 POLE ATTACHMENT REVENU 221000 287532 287532 29246 29246 1956080 14010379 12855997 0 1154382 348455 2847993 2226731 DISTRIBUTION MAINTENANC 2838033 DISTRIBUTION OPERATIONS 1481297 ADMINISTRATION AND GEN 1225807 CONSUMER ACCOUNTS 848041 437144 12253501 848539 1391058 3436303 3551441 632950 851106 51782 55883 84812736 27036598 56037998 57776138 11856289 13092431 780511 742586 73644372 77460643 2669481 2968412 49019080 51102645 2619142 2385632 54307703 56456689 X 0 0 94575 0 19242094 21003954 19336669 21003954 73644372 77460643 X 1756878 -89593 X 0 1 1 X 0 58674 23469 35205 84141582 27013129 57128453 612480 612480 57776138 INVESTMENT IN ASSOCIATED ORGANIZATIONS 13092431 C 13092431 DEFERRED CREDITS 112082 ACCUMULATED POST RETIREMENT BENEFIT OBLIGATION 2123550 ACCUMULATED PROVISION FOR STORMS 150000 2385632 14010379 12253501 1756878 -89593 -89593 1667285 26077969 12067590 12067590 14010379 0 14010379 24321091 12067590 12067590 12253501 0 12253501 PART XI, LINE 8 - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS -2,231. MEMBERSHIP FEE CANCELLED -94,575. CURRENT & PRIOR YEAR ESCHEATS 7,213. TOTAL TO SCHEDULE D, PART XI, LINE 8: -89,593. PART XII, LINE 2D - COST OF POWER PART XIII, LINE 2D - COST OF POWER PART X, LINE 2 - THE COOPERATIVE IS EXEMPT FROM TAXES ON INCOME PURSUANT TO SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. CONSEQUENTLY, THE FINANCIAL STATEMENTS REFLECT NO PROVISION FOR TAXES ON INCOME. INCOME TAX RETURNS THAT REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES INCLUDE 2008 AND LATER YEARS. RECONCILIATION ON PART XI LINE 5 X 0 0 0 JOHN LYKENS 110605 0 0 0 0 0 34211 0 16953 0 161769 0 0 0 JAMES DAVIS DIRECTOR 12067590 PURCHASE OF ELECTRIC POWER 0 CRAIG ECCHER CEO AND PRESIDENT 2771145 MGMT SVCS-C&T ENTERPRISES 0 DONALD BLACKWELL DIRECTOR 2771145 MGMT SVCS-C&T ENTERPRISES 0 ALFRED CALKINS DIRECTOR 2771145 MGMT SVCS-C&T ENTERPRISES 0 ALSTON TEETER DIRECTOR 2771145 MGMT SVCS-C&T ENTERPRISES 0 BARBARA SEELEY DIRECTOR 2771145 MGMT SVCS-C&T ENTERPRISES 0 FORM 990, PART VI, SECTION A, LINE 3 LINE 3 EXPLANATION - TRI-COUNTY RURAL ELECTRIC COOPERATIVE, INC. IS A PARTY TO A MANAGEMENT SERVICES CONTRACT WITH C&T ENTERPRISES, INC. C&T ENTERPRISES IS A FOR-PROFIT HOLDING COMPANY WHICH IS OWNED BY TRI-COUNTY RURAL ELECTRIC COOPERATIVE, INC. AND CLAVERACK RURAL ELECTRIC COOPERATIVE. TRI-COUNTY AND CLAVERACK EACH OWN 50% OF THE STOCK OF C&T ENTERPRISES. UNDER THE TERMS OF THE CONTRACT, C&T ASSIGNS EMPLOYEES TO TRI-COUNTY AND PROVIDES ALL PAYROLL AND RELATED SERVICES. C&T ALSO ADMINSTERS THE PAYROLL AND BENEFITS OF THE TRI-COUNTY PRESIDENT AND CEO. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MEMBERS OF THE RURAL ELECTRIC COOPERATIVE ARE CONSUMERS OF ELECTRICITY FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - GOVERNING BODY IS ELECTED BY MEMBERS BY BALLOT VOTE FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - A COPY OF THE FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS EITHER ELECTRONICALLY OR IN A PAPER FORMAT. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL REVIEW AND SIGNATURE OF CONFLICT OF INTEREST POLICIES. CONFLICTS ARE SUMMARIZED AND PROVIDED TO BOARD MEMBERS BY MANAGEMENT SO THAT ANY ISSUES CAN BE RESOLVED. FORM 990, PART VI, SECTION B, LINE 15 AN OUTSIDE CONSULTANT PROVIDES THE BENCHMARKS FOR THE DIFFERENT TIERS OF EMPLOYEES. THESE FIGURES ARE PROVIDED TO THE BOARD. THE BOARD THEN APPROVES THE BENCHMARKS. THE BOARD APPROVES THE CEO'S SALARY, WHILE THE CEO APPROVES THE DEPARTMENT DIRECTORS' SALARIES BASED ON THE BENCHMARKS AND THE BUDGET APPROVED BY THE BOARD. THESE BENCHMARKS ARE UPDATED EVERY FEW YEARS. THE CEO'S SALARY IS INCLUDED IN AN AGREEMENT BETWEEN THE CEO, TRI-COUNTY AND C&T ENTERPRISES, INC., A TAXABLE HOLDING COMPANY IN WHICH TRI-COUNTY OWNS 50%. THE CEO AND PRESIDENT OF TRI-COUNTY ALSO SERVES AS THE CEO AND PRESIDENT OF WELLSBORO ELECTRIC COMPANY, A SUBSIDIARY OF C&T ENTERPRISES. THE CEO AND PRESIDENT HAS A SIMILAR AGREEMENT BETWEEN WELLSBORO AND C&T ENTERPRISES. FORM 990, PART VI, SECTION C, LINE 18 COPY AVAILABLE AT MAIN OFFICE FORM 990, PART VI, SECTION C, LINE 19 COPY AVAILABLE AT MAIN OFFICE CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: RETIREMENT OF CAPITAL CREDITS -2,231. MEMBERSHIP FEE CANCELLED -94,575. CURRENT & PRIOR YEAR ESCHEATS 7,213. TOTAL TO FORM 990, PART XI, LINE 5: -89,593.