2012-11-01T07:34:28-05:00 2011-12-31 232932984 PARENTEBEARD LLC PO BOX 311 READING PA 196030311 990 2011-01-01 240548304 CLAVERACK RURAL ELECTRIC COOPERATIVE CLAV 5702652167 32750 ROUTE 6 WYSOX PA 18854 BOBBI J KILMER 5702652167 2012-11-01 1 CHARLES A BEZLER P00193859 6109274910 2011 2016-02-24 21:20:13Z BOBBI J KILMER 32750 ROUTE 6 WYSOX PA 18854 27769052 0 X WWW.CLAVERACK.COM X 1936 PA PROVISION OF ELECTRICAL SERVICE IN RURAL PENNSYLVANIA 9 9 0 0 0 0 0 0 0 0 65035 64218 14921939 14940606 14986974 15004824 0 0 0 362150 478428 509999 0 0 0 11542714 12152784 12021142 13024933 2965832 1979891 67584507 68807104 42152465 41360618 25432042 27446486 PROVISION OF ELECTRIC SERVICE IN RURAL PENNSYLVANIA 0 0 PROVISION OF ELECTRIC SERVICE TO MEMBER/OWNERS IN RURAL PENNSYLVANIA USING THE COOPERATIVE FORM OF OWNERSHIP. 0 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 1 0 0 0 0 0 0 0 0 0 1 62 0 1 0 0 0 0 0 0 0 0 0 0 0 0 26488355 617595 0 X 9 9 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X SHELLEY YOUNG 5702652167 32750 ROUTE 6 WYSOX PA 18854 THOMAS J ELLIOTT 6.00 X 14850 0 0 STEVEN T SLIWINSKI 5.00 X 18600 0 0 JAMES E LUCE 6.00 X 19800 0 0 JAMES W ZICK 6.00 X 19400 0 0 KEVIN B BARRETT 7.00 X 18400 0 0 MICHAEL J COLEMAN 5.00 X 18600 0 0 CHARLES R BULLOCK 6.00 X 20200 0 0 ROBERT R FAUX 6.00 X 19600 0 0 CHARLES R MCNAMARA 7.00 X 21600 0 0 BOBBI J KILMER 50.00 X 0 161625 62735 SHELLEY R YOUNG 45.00 X 0 73080 41509 171050 234705 104244 0 0 1 1 ALLEGHENY ELECTRIC COOPERATIVE PO BOX 1266 HARRISBURG PA 17108 WHOLESALE ELECTRICITY 12845577 C&T ENTERPRISES INC 33 AUSTIN STREET WELLSBORO PA 16901 LABOR AND MANAGEMENT SERVICES 5687694 ASPLUNDH TREE EXPERT CO 708 BLAIR MILL RD WILLOWGROVE PA 19090 TREE CUTTING SERVICES 838431 DAVEY TREE EXPERT CO PO BOX 709 KENT OH 44240 TREE CUTTING SERVICES 697155 4 64218 64218 65176 65176 26488355 12764228 13724127 13724127 G&T & OTHER CAP CREDIT 212000 663102 663102 EQUITY INCOME AFFILIAT 212000 490159 490159 OTHER NON-OPERATING 212000 -1958 -1958 1151303 15004824 14877388 0 127436 362150 509999 10136 21962 1309614 64372 366730 187769 45745 230796 98767 1819253 5017164 2510137 14670 MEMBERSHIP DUES/PUBLICA 263310 192359 13024933 1454816 1122722 1901308 3106487 3952476 3815046 453862 666856 537499 537094 83378303 36025208 47828253 47353095 40618 28499 11415675 12177305 67584507 68807104 3555862 3553986 32097776 31035983 6498827 6770649 42152465 41360618 X 169260 164045 0 0 25262782 27282441 25432042 27446486 67584507 68807104 X 1979891 34553 X 0 1 1 X 0 83378303 36025208 47353095 47353095 5941156 C PATRONAGE CAPITAL IN ASSOC. COOPERATIVES 4858501 C CAPITAL CERTIFICATE ISSUED BY NRUCCFC 1276454 C INVESTMENTS IN ASSOCIATED ORGANIZATIONS 101194 C 12177305 ACCUMULATED POST RETIREMENT BENEFITS 6675404 DEFERRED INSTALLATION CHARGES CONTRA ACCOUNT 95245 6770649 15004824 13024933 1979891 34553 34553 2014444 27769052 12764228 12764228 15004824 0 15004824 25427011 12764228 12764228 12662783 362150 362150 13024933 PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN OTHER COMPREHENSIVE INCOME (LOSS) 39,768. MEMBERSHIP FUNDS -5,215. TOTAL TO SCHEDULE D, PART XI, LINE 8: 34,553. PART XIII, LINE 2D: PURCHASED POWER $12,764,228 PART XIII, LINE 4B: CLAVERACK RETIRED $362,150 OF CAPITAL CREDITS TO ITS MEMBERS IN 2011. THIS AMOUNT IS INCLUDED IN BENEFITS PAID TO OR FOR MEMBERS AS INDICATED ON SCHEDULE O. X X X X 0 0 0 THOMAS J ELLIOTT 14850 11250 0 0 0 0 0 0 0 0 14850 11250 0 0 JAMES E LUCE 19800 11250 0 0 0 0 0 0 0 0 19800 11250 0 0 MICHAEL J COLEMAN 18600 10500 0 0 0 0 0 0 0 0 18600 10500 0 0 CHARLES R BULLOCK 20200 10500 0 0 0 0 0 0 0 0 20200 10500 0 0 BOBBI J KILMER 0 161625 0 0 0 0 0 0 0 62735 0 224360 0 0 SHELLEY R YOUNG 0 73080 0 0 0 0 0 0 0 41509 0 114589 0 0 BOBBI KILMER CEO 161625 PAYROLL BENEFITS AND RELATED MANAGEMENT SERVICES 0 BOBBI KILMER CEO 462861 PURCHASE OF MATERIALS AND SUPPLIES FROM UNITED UTILITY SUPPLY COOPERATIVE CORPORATION OF WHICH BOBBI KILMER IS A DIRECTOR 0 THOMAS ELLIOTT DIRECTOR 12764228 PURCHASE OF WHOLESALE ELECTRICITY FROM ALLEGHENY ELECTRIC COOPERATIVE OF WHICH THOMAS ELLIOT IS A DIRECTOR 0 KEVIN BARRETT DIRECTOR 119599 PURCHASE OF INSURANCE FROM FEDERATED RURAL ELECTRIC OF WHICH KEVIN BARRETT IS A DIRECTOR 0 FORM 990, PART VI, SECTION A, LINE 3 CLAVERACK RURAL ELECTRIC COOPERATIVE 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 CLAVERACK AND TRI COUNTY ELECTRIC COOPERATIVE, INC. CLAVERACK AND TRI COUNTY EACH OWN 50% OF THE STOCK OF C&T ENTERPRISES. UNDER THE TERMS OF THE CONTRACT, C&T ASSIGNS EMPLOYEES TO CLAVERACK AND PROVIDES ALL PAYROLL AND RELATED SERVICES. C&T ALSO ADMINISTERS THE PAYROLL AND BENEFITS OF THE CLAVERACK PRESIDENT & CEO. FORM 990, PART VI, SECTION A, LINE 4 CLAVERACK RURAL COOPERATIVE'S BOARD OF DIRECTORS AMENDED CLAVERACK'S BYLAWS ON SEPTEMBER 28, 2011. FORM 990, PART VI, SECTION A, LINE 6 CLAVERACK RURAL ELECTRIC COOPERATIVE IS OWNED BY THOSE WHO RECEIVE ELECTRIC SERVICE FROM THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A THE ENTIRE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE MAY SELL, LEASE OR OTHERWISE DISPOSE OF ALL OR SUBSTANTIALLY ALL OF ITS ASSETS ONLY WHEN AUTHORIZED BY THE AFFIRMATIVE VOTE OF TWO THIRDS OF THE ENTIRE MEMBERSHIP OF THE COOPERATIVE. ALSO, THE BYLAWS OUTLINE THE PROCESS BY WHICH MEMBERS COULD PETITION FOR THE REMOVAL OF A BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT OF THE FORM 990 IS REVIEWED WITH THE AUDIT AND RATE & BUDGET COMMITTEE. THE FORM 990 IS THEN DISTRIBUTED AND REVIEWED AT THE MEETING OF BOARD OF DIRECTORS. THE BOARD, UPON THEIR SATISFACTION WITH THE FORM, WILL TAKE ACTION, AUTHORIZING THE CEO TO SIGN AND FILE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY AND COMPLIANCE ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CEO IS NEGOTIATED AFTER A REVIEW OF COMPARABLE POSITIONS ON A NATIONAL, REGIONAL AND LOCAL LEVEL. VARIOUS SURVEY DATA IS USED TO INCLUDE A NATIONAL COMPENSATION SURVEY OF ELECTRIC COOPERATIVES. THE SALARY IS THEN INCLUDED AS A CONTRACTUAL ITEM IN THE CEO'S EMPLOYMENT CONTRACT. THE CONTRACT IS A THREE WAY AGREEMENT BETWEEN THE CEO, THE ORGANIZATION AND C&T ENTERPRISES, INC., A TAXABLE HOLDING COMPANY IN WHICH CLAVERACK OWNS 50%. C&T PROVIDES MANAGEMENT SERVICES TO INCLUDE PAYROLL AND BENEFIT ADMINISTRATION FOR ALL EMPLOYEES INCLUDING THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN OTHER COMPREHENSIVE INCOME (LOSS) 39,768. MEMBERSHIP FUNDS -5,215. TOTAL TO FORM 990, PART XI, LINE 5: 34,553. FORM 990, PART XI, LINE 5, CHANGES IN NET ASSETS PLEASE NOTE THAT $1,724,446 WAS ALLOCATED TO CLAVERACK MEMBERS IN 2011. THIS AMOUNT CONSISTED OF OPERATING MARGINS TOTALING $1,061,344 AND OTHER CAPITAL CREDITS TOTALING $663,102. CLAVERACK ALSO RETIRED $362,150 OF CAPITAL CREDITS TO ITS MEMBERS IN 2011. THIS AMOUNT $362,150 IS STATED IN PART I LINE 14. WE HAVE NOT RESTATED 2010 INFORMATION AS THE INSTRUCTIONS FOR "BENEFITS PAID TO OR FOR MEMBERS" WERE CHANGED FOR FILING YEAR 2011.