2012-08-09T11:02:55-05:00 2011-12-31 371014232 BENNETT & MIDDENDORF LTD 901 YORK ST PO BOX 807 QUINCY IL 623060807 990 2011-01-01 630462077 COVINGTON ELECTRIC COOPERATIVE INC COVI 3342224121 18836 US HWY 84 ANDALUSIA AL 36421 CHARLES E SHORT 3342224121 2012-08-09 ROY E RIDDLE P01425150 2172221142 2011 2016-02-24 21:20:13Z CHARLES E SHORT 18836 US HWY 84 ANDALUSIA AL 36421 55333158 0 X WWW.COV-ELECT.COM X 1944 AL THE COOPERATIVE OPERATES AS AN ELECTRIC DISTRIBUTION COOPERATIVE. 6 6 93 0 0 0 0 0 52990423 53339728 1863152 1993025 16517 405 54870092 55333158 0 0 0 4368121 5142307 5036818 0 0 0 45359663 44571525 50501970 53976464 4368122 1356694 117292836 127402719 73493805 80599319 43799031 46803400 THE COOPERATIVE'S PRIMARY MISSION IS PROVIDE ELECTRIC SERVICE TO ITS APPROXIMATELY 22,400 MEMBER-OWNERS IN SOUTHERN ALABAMA. 0 0 DISTRIBUTION OF ELECTRIC ENERGY TO COOPERATIVE MEMBERS. 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 27 0 1 93 1 0 0 0 0 0 0 0 52863875 2469283 0 X 6 6 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X X KIM CARTER 3342224121 18836 US HWY 84 ANDALUSIA AL 36421 WILLIE B SMITH JR 6.50 X X 23551 0 0 KEN NICHOLS 5.00 X X 19951 10402 0 GARY H HARRIS 6.00 X 22201 0 0 C HEFLIN SMITH 3.00 X X 22201 0 0 JAMES F MARTIN JR 4.00 X 22426 0 0 PATRICIA CHILDS JANASKY 6.00 X 16601 0 0 CHARLES E SHORT 50.00 X 211150 40202 10063 MARK G PARKER 60.00 X 128539 0 73342 ALAN J THRASH 60.00 X 138825 0 78720 KIMBERLY M CARTER 45.00 X 99402 0 54321 BERT L CHAMPION 54.00 X 105141 0 62684 GEORGE S HAMMER 0.00 X 6283 0 0 816271 50604 279130 4 1 1 0 HD SUPPLY UTILITIES PO BOX 840123 DALLAS TX 75284 AMI METERS & MATERIALS/SUPPLIES 882383 ASPLUNDH TREE EXPERT COMPANY PO BOX 532729 ATLANTA GA 30353 RIGHT OF WAY CLEARING 771392 MAYER ELECTRIC SUPPLY PO BOX 2048 DOTHAN AL 36302 MATERIAL & SUPPLIES 564157 UNITED UTILITY SUPPLY COOP PO BOX 32170 LOUISVILLE KY 40232 MATERIAL & SUPPLIES 461069 HARPER ELECTRIC PO BOX 698 ANDALUSIA AL 36420 LINE CONSTRUCTION & MAINTENACE 397735 5 SALES OF ELECTRICITY 221000 52066518 52066518 OTHER SALES TO MEMBERS 221000 797357 797357 POLE RENTALS 221000 475853 475853 53339728 1993025 1993025 OTHER NON-OPERATING RE 221000 405 405 405 55333158 54857305 0 475853 4368121 816271 4220547 110629 21575 10437 2259721 3207559 3130673 COST OF POWER 31435849 DISTRIBUTION & MAINTENA 4851527 CUSTOMER ACCOUNTING, SE 3532830 LESS SALARIES & WAGES R -5036818 1047543 53976464 5809654 5160709 261366 7764873 2102648 1727834 1937263 980752 916043 963506 2994071 2759103 112185615 22554420 86332867 89631195 16938924 18414747 117292836 127402719 5467839 5061710 60601357 68076896 7424609 7460713 73493805 80599319 X 0 0 0 0 43799031 46803400 43799031 46803400 117292836 127402719 X 1356694 1647676 X 0 0 0 225009 225009 4708844 1515027 3193817 7392801 5639503 1753298 99858961 15399890 84459071 89631195 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 17548008 C CAPITAL TERM CERTIFICATES - NRUCFC 854739 C OTHER INVESTMENT 12000 C 18414747 ACCUMULATED PROVISION FOR POST-RETIREMENT BENEFITS 3406895 CUSTOMER DEPOSITS 1588460 DEFERRED CREDIT - ECONOMIC DEVELOPMENT 2388194 CONSTRUCTION DEPOSITS 77164 7460713 55333158 53976464 1356694 1647676 1647676 3004370 55333158 0 55333158 0 55333158 49608343 0 49608343 4368122 4368122 53976465 PART XI, LINE 8 - OTHER ADJUSTMENTS: RETIREMENTS OF CAPITAL CREDITS -3,404,431. GAINS ON CAPITAL CREDITS RETIRED 683,985. PATRONAGE ALLOCATED TO MEMBERS REPORTED IN PART XI, LINE 4 4,368,122. TOTAL TO SCHEDULE D, PART XI, LINE 8: 1,647,676. X X X 0 0 0 CHARLES E SHORT 175011 0 36139 0 0 40202 1746 0 8317 0 221213 40202 0 0 MARK G PARKER 117250 0 11289 0 0 0 65321 0 8021 0 201881 0 0 0 ALAN J THRASH 126589 0 12236 0 0 0 70529 0 8191 0 217545 0 0 0 KIMBERLY M CARTER 91416 0 7986 0 0 0 50925 0 3396 0 153723 0 0 0 BERT L CHAMPION 98738 0 6403 0 0 0 55010 0 7674 0 167825 0 0 0 GEORGE S HAMMER 0 0 0 0 6283 0 0 0 0 0 6283 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 COVINGTON ELECTRIC COOPERATIVE, INC. IS AN ELECTRIC DISTRIBUTION COOPERATIVE CONSISTING OF APPROXIMATELY 22,000 MEMBERS. EACH CUSTOMER OF THE COOPERATIVE RECEIVING ELECTRIC SERVICE IS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE COOPERATIVE IS DIVIDED INTO 6 DISTRICTS. THE MEMBERS ARE ALLOWED TO VOTE FOR THE ELECTION OF A DIRECTOR FOR EACH DISTRICT. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE ALLOWED TO VOTE ON PROPOSED BY-LAW CHANGES DURING THE ANNUAL MEMBERSHIP MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE COOPERATIVE'S INDEPENDENT AUDITOR. IT IS PRESENTED FOR REVIEW BEFORE IT IS FILED. IF DISCREPANCIES ARE FOUND, CORRESPONDING CORRECTIONS ARE MADE PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C POLICY NO. 154, CONFLICT OF INTEREST POLICY HAS BEEN ENACTED BY THE COOPERATIVE TO OUTLINE THE CONDUCT OF TRUSTEES AND EMPLOYEES IN REGARDS TO CONFLICTS OF INTEREST. EACH TRUSTEE AND EMPLOYEE SIGNS AN AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15 SALARIES OF MANAGEMENT AND KEY PERSONNEL ARE REVIEWED BY THE BOARD USING COMPARABLE DATA FROM OTHERS IN THE INDUSTRY. PERIODICALLY, POSITIONS AND SALARIES ARE REVIEWED BY AN OUTSIDE CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 ALL NEW MEMBERS ARE PROVIDED WITH A PRINTED COPY OF THE BYLAWS. THE COOPERATIVE PROVIDES ALL ACTIVE MEMBERS CONDENSED FINANCIAL STATEMENTS AT THE ANNUAL MEETING OF MEMBERS. POLICIES AND OTHER FINANCIAL INFORMATION IS AVAILABLE TO MEMBERS UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: RETIREMENTS OF CAPITAL CREDITS -3,404,431. GAINS ON CAPITAL CREDITS RETIRED 683,985. PATRONAGE ALLOCATED TO MEMBERS REPORTED IN PART XI, LINE 4 4,368,122. TOTAL TO FORM 990, PART XI, LINE 5: 1,647,676. COVINGTON RURAL SERVICES INC 18836 US HWY 84 ANDALUSIA AL 36421 630966581 ECONOMIC DEVELOPMENT AL COVINGTON RURAL SERVICES IS A 100 OWNED SUBSIDIARY OF COVINGTON ELECTRIC C 1.00000 A-WEB INC DBA ALAWEB INC 18836 US HWY 84 ANDALUSIA AL 36421 721347920 INTERNET SERVICE AL COVINGTON RURAL SERVICES OWNS 100 OF A-WEB INC C 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0