SOUTH CENTRAL ELECTRIC ASSOCIATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- SOUTH CENTRAL ELECTRIC ASSOCIATION (EIN 41-0548360)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-07-12
- IRS object ID
- 201211949349300306
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-07-12T08:44:47-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 450250958 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EIDE BAILLY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 EAST 10TH STREET PO BOX 5125 | AddressLine1 |
| City | SIOUX FALLS | City |
| State | SD | State |
| ZIP Code | 571175125 | 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 | 410548360 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTH CENTRAL ELECTRIC ASSOCIATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SOUT | NameControl |
| Phone | 5073753164 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | BOX 150 | AddressLine1 |
| City | ST JAMES | City |
| State | MN | State |
| ZIP Code | 56081 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RONALD HORMAN | Name |
| Title | GENERAL MANAGER | Title |
| Phone | 5073753164 | Phone |
| Date Signed | 2012-06-26 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LAURIE HANSON | Name |
| PTIN | P00851848 | PTIN |
| Phone | 6053391999 | Phone |
| Date Prepared | 2012-06-26 | DatePrepared |
| 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 | RONALD HORMAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | BOX 150 | AddressLine1 |
| City | ST JAMES | City |
| State | MN | State |
| ZIP Code | 56081 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 16634259 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.SOUTHCENTRALELECTRIC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1937 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | PROVIDING ELECTRICITY TO MEMBERS OF THE COOPERATIVE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 27 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 167253 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 124756 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 15665096 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 16535884 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 41100 | InvestmentIncomePriorYear |
| Investment Income Current Year | 32179 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -12887 | OtherRevenuePriorYear |
| Other Revenue Current Year | -8702 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 15693309 | TotalRevenuePriorYear |
| Total Revenue Current Year | 16559361 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 570336 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2380164 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2505502 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12588474 | OtherExpensePriorYear |
| Other Expenses Current Year | 13303613 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 14968638 | TotalExpensesPriorYear |
| Total Expenses Current Year | 16379451 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 724671 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 179910 | RevenuesLessExpensesCY |
| Total Assets BOY | 43099274 | TotalAssetsBOY |
| Total Assets EOY | 46237332 | TotalAssetsEOY |
| Total Liabilities BOY | 27465755 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 30242593 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 15633519 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 15994739 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROVIDE RELIABLE, EFFICIENT DELIVERY OF ELECTRICITY AND OTHER SERVICES TO OUR MEMBER OWNERS WITH THE HIGHEST LEVEL OF CUSTOMER SERVICE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 3,915 MEMBERS AND REPLACED 76 MILES OF OVERHEAD LINE WITH UNDERGROUND LINE. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 86 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 27 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Gross Income From Members | 15921711 | GrossIncomeFromMembers |
| Gross Income Other Sources | 74903 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 0 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 0 | WrittenPolicyOrProcedure |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RONALD HORMAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5073753164 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 150 | AddressLine1 |
| City | ST JAMES | City |
| State | MN | State |
| ZIP Code | 56081 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (9 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| MARK SANDBERG | ||||||
| PRESIDENT | 20.00 | X | X | 14529 | 0 | 0 |
| BRUCE FALK | ||||||
| VICE PRESIDENT | 29.00 | X | X | 13724 | 0 | 0 |
| BRENT IMKER | ||||||
| SECRETARY | 35.00 | X | X | 15049 | 0 | 0 |
| RICHARD JOHNSON | ||||||
| TREASURER | 17.00 | X | X | 13934 | 0 | 0 |
| WILBERT SIEG | ||||||
| DIRECTOR | 18.00 | X | 14284 | 0 | 0 | |
| RON JORGENSON | ||||||
| DIRECTOR | 18.00 | X | 14214 | 0 | 0 | |
| MICHAEL MIEST | ||||||
| DIRECTOR | 9.00 | X | 13047 | 0 | 0 | |
| THOMAS MALONE | ||||||
| GENERAL MANAGER (UNTIL 1/1/12) | 25.00 | X | 201833 | 0 | 64174 | |
| JEFF MUELLER | ||||||
| FINANCE/ADMIN MANAGER | 43.00 | X | 87690 | 0 | 37527 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 388304 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 101701 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| MASTEC INC | |||||
| PO BOX 277181 | ATLANTA | GA | 30384 | UNDERGROUND LINE CONSTRUCTION | 649699 |
| HIGHLINE CONSTRUCTION INC | |||||
| 16124 OLD LAKE ROAD | PAYNESVILLE | MN | 56362 | OVERHEAD LINE CONSTRUCTION | 334037 |
| CARR'S TREE SERVICE INC | |||||
| PO BOX 250 | OTTERTAIL | MN | 56571 | TREE TRIMMING | 145297 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| SALE OF POWER | 221000 | 15881364 | 15881364 | ||
| CAPITAL CREDITS | 221000 | 487532 | 487532 | ||
| EQUITY EARNINGS | 230000 | 150113 | 170848 | -$20,735 | |
| OTHER NON-OPERATING | 900099 | 16875 | 16875 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 16535884 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 32179 | TotalRevenueColumn |
| Exclusion | $32,179 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 66196 | GrossSalesOfInventory |
| Cost Of Goods Sold | 74898 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -8702 | TotalRevenueColumn |
| Related Or Exempt Function Income | -5107 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -3595 | UnrelatedBusinessRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16559361 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16380664 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 167253 | UnrelatedBusinessRevenue |
| Exclusion | $11,444 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 570336 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 486797 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1574438 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 342953 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 101314 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1124487 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1417585 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 9482582 |
| ADMIN & GENERAL | 1116641 |
| DISTRIBUTION-OPERATIONS | 980989 |
| DISTRIBUTION-MAINTENANC | 902809 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -1721480 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16379451 | Total |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 288738 | BOY |
| EOY | 142469 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3028139 | BOY |
| EOY | 3101628 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 676594 | BOY |
| EOY | 521506 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1094594 | BOY |
| EOY | 953656 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 517583 | BOY |
| EOY | 523628 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 44333498 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 10758685 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30533209 | BOY |
| EOY | 33574813 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1775620 | BOY |
| EOY | 1806519 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5179592 | BOY |
| EOY | 5607908 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5205 | BOY |
| EOY | 5205 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43099274 | BOY |
| EOY | 46237332 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2397428 | BOY |
| EOY | 2610347 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19863468 | BOY |
| EOY | 26454153 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4650000 | BOY |
| EOY | 600000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 554859 | BOY |
| EOY | 578093 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27465755 | BOY |
| EOY | 30242593 | 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 | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15633519 | BOY |
| EOY | 15994739 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15633519 | BOY |
| EOY | 15994739 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43099274 | BOY |
| EOY | 46237332 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 179910 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 181310 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 0 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 27757 | OtherCostOrOtherBasis |
| Book Value | 27757 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1277339 | OtherCostOrOtherBasis |
| Depreciation | 415203 | Depreciation |
| Book Value | 862136 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 43028402 | OtherCostOrOtherBasis |
| Depreciation | 10343482 | Depreciation |
| Book Value | 32684920 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 33574813 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (8 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| GREAT RIVER ENERGY | 4291654 | C |
| NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION | 639159 | C |
| COOPERATIVE TELEVISION ASSOCIATION OF SOUTHERN MINNESOTA | 349706 | C |
| EAST RIVER | 63615 | C |
| NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE | 1726 | C |
| RURAL ELECTRIC SUPPLY COOPERATIVE | 178566 | C |
| FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE | 43408 | C |
| OTHER INVESTMENTS | 40074 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 5607908 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CUSTOMER DEPOSITS | $74,015 |
| DEFERRED CREDITS | $24,214 |
| ACCUMULATED PROVISION FOR PENSION BENEFITS | $479,864 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 578093 | TotalOfAmounts |
| Total Revenue | 16559361 | TotalRevenue |
| Total Expenses | 16379451 | TotalExpenses |
| Excess Or Deficit For Year | 179910 | ExcessOrDeficitForYear |
| Other | $181,310 | OtherAmount |
| Total Adjustments | 181310 | TotalAdjustments |
| Excess Or Deficit Per FS | 361220 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 16559361 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 16559361 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 16559361 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 15809115 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 15809115 | ExpensesSubtotal |
| Other Expenses Not Included | 570336 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 570336 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 16379451 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE ASSOCIATION ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION TOPIC ASC 740-10 (PREVIOUSLY FINANCIAL INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES), ON JANUARY 1, 2009. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. AS OF BOTH THE DATE OF ADOPTION, AND AS OF DECEMBER 31, 2011, THERE WAS NO UNRECOGNIZED TAX ACCRUAL. THE ASSOCIATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. GENERALLY, THE ASSOCIATION IS NO LONGER SUBJECT TO FEDERAL OR STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | RETIREMENT OF CAPITAL CREDITS -427,512. CHANGE IN MEMBERSHIP ACCOUNTS 25. GAIN ON RETIRED CAPITAL CREDITS 38,461. ALLOCATION OF 2011 MARGINS TO MEMBERS IN 2012 570,336. TOTAL TO SCHEDULE D, PART XI, LINE 8: 181,310. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | ALLOCATION OF 2011 MARGINS TO MEMBERS IN 2012 570,336. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | THOMAS MALONE | NamePerson |
| Base Compensation Filing Org | 198329 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 3504 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 60657 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 3516 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 266006 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | THOMAS MALONE'S COMPENSATION IS PAID BY SOUTH CENTRAL ELECTRIC ASSOCIATION AND 50% OF HIS GROSS WAGES ARE REIMBURSED BY REDWOOD ELECTRIC COOPERATIVE THROUGH A SHARED MANAGEMENT AGREEMENT. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREAT RIVER ENERGY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | BOARD MEMBER BRUCE FALK SERVES ON BOARD OF DIRECTORS FOR GREAT RIVER ENERGY | Relationship |
| Amount Of Transaction | 9474501 | AmountOfTransaction |
| Description Of Transaction | PURCHASE OF ELECTRICITY | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (13 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ALL CUSTOMERS OF THE COOPERATIVE ARE CONSIDERED MEMBERS, THERE IS ONLY ONE CLASS OF MEMBERS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ARE ALL OF THE SAME CLASS AND EACH MEMBER HAS ONE VOTE. | |
| FORM 990, PART VI, SECTION A, LINE 7B | CHANGES TO THE ARTICLES AND BY-LAWS ARE SUBJECT TO MEMBER APPROVAL. ALL MEMBERS MAY VOTE ON THESE CHANGES. | |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. | |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 WILL BE REVIEWED BY THE GENERAL MANAGER. AFTER HIS REVIEW, IT WILL BE DELIVERED TO EACH BOARD MEMBER VIA EMAIL OR VIA PAPER COPY. BOARD MEMBERS WILL BE GIVEN SUFFICIENT TIME TO REVIEW THE 990. THE GENERAL MANAGER WILL PRESENT THE 990 AT A BOARD MEETING IF ANY BOARD MEMBER SO REQUESTS. THIS PROCESS WILL TAKE PLACE PRIOR TO THE FILING OF THE FORM 990. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR, OFFICER AND MANAGER OF SOUTH CENTRAL ELECTRIC ASSOCIATION MUST COMPLY WITH THE POLICY. THE BOARD OF DIRECTORS INTERPRETS AND ENFORCES THE POLICY AND THE ASSOCIATION'S LEGAL COUNSEL ANNUALLY REVIEWS THE POLICY WITH ALL WHO MUST COMPLY WITH THIS POLICY. UPON RECEIVING OR DISCOVERING ANY INFORMATION OR FACT THAT COULD IMPACT COMPLIANCE WITH THE POLICY, THE BOARD WILL ALLOW THE PERSON INVOLVED AN OPPORTUNITY TO COMMENT ORALLY OR IN WRITING, AND IS GIVEN THIRTY DAYS TO COMPLY. IF COMPLIANCE IS NOT ATTAINED IN THIRTY DAYS, THE PERSON WILL BE REMOVED FROM THEIR POSITION WITH THE ASSOCIATION. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE GENERAL MANAGER'S COMPENSATION IS APPROVED BY THE SAC COMMITTEE WHICH IS MADE UP OF DIRECTORS FROM SOUTH CENTRAL ELECTRIC AND REDWOOD ELECTRIC. THIS PROCESS WAS LAST UNDERTAKEN IN 2009 FOR THOMAS MALONE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | A COPY WILL BE FAXED OR EMAILED TO INDIVIDUALS WHO REQUEST A COPY. | |
| FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: | INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE GENERAL MANAGER AND FINANCE/ADMIN MANAGER. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. | |
| FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: | THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 6-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E. | |
| FORM 990, PART XI, LINE 5: | RETIREMENT OF CAPITAL CREDITS -427,512. CHANGE IN MEMBERSHIP ACCOUNTS 25. GAIN ON RETIRED CAPITAL CREDITS 38,461. ALLOCATION OF 2011 MARGINS TO MEMBERS IN 2012 570,336. TOTAL TO FORM 990, PART XI, LINE 5: 181,310. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990 PART VII SECTION A: COMPENSATION OF OFFICERS | THE GENERAL MANAGER IS PAID BY SOUTH CENTRAL ELECTRIC ASSOCIATION FOR SERVICES PERFORMED FOR THIS ORGANIZATION AS WELL AS FOR SERVICES AS GENERAL MANAGER PERFORMED FOR REDWOOD ELECTRIC COOPERATIVE. THIS FORM 990 INCLUDES ALL COMPENSATION PAID TO THE GENERAL MANAGER FOR SERVICES RENDERED TO BOTH ORGANIZATIONS. IN ADDITION TO WORKING APPROXIMATELY 25 HOURS PER WEEK FOR SOUTH CENTRAL ELECTRIC ASSOCIATION, THE GENERAL MANAGER WORKS APPROXIMATELY 25 HOURS PER WEEK FOR REDWOOD ELECTRIC COOPERATIVE. | COMPENSATION OF GENERAL MANAGER |
| FORM 990, PART VI, SECTION B, LINE 16B | THE ORGANIZATION HAS NOT ADOPTED A WRITTEN POLICY. HOWEVER, THE RURAL DEVELOPMENT UTILITITES PROGRAM LIMITS THE AMOUNT OF INCOME THAT CAN BE MADE FROM NONOPERATING VENTURES. OVER 85% OF GROSS REVENUES NEED TO COME FROM COOPERATIVE MEMBERSHIPS. |