EAST TEXAS ELECTRIC COOPERATIVE INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- EAST TEXAS ELECTRIC COOPERATIVE INC (EIN 75-2187855)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-08
- IRS object ID
- 201213139349302211
- 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 | 2012-11-08T16:26:50-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273625988 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GOFF & HERRINGTON PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2833 TED TROUT DRIVE SUITE D | AddressLine1 |
| City | LUFKIN | City |
| State | TX | State |
| ZIP Code | 75904 | 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 | 752187855 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EAST TEXAS ELECTRIC COOPERATIVE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | EAST | NameControl |
| Phone | 9365609532 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 631623 | AddressLine1 |
| City | NACOGDOCHES | City |
| State | TX | State |
| ZIP Code | 759631623 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RYAN THOMAS | Name |
| Title | CFO | Title |
| Phone | 9365609532 | Phone |
| Date Signed | 2012-11-08 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | A J GOFF CPA | Name |
| PTIN | P00297945 | PTIN |
| Phone | 9368753317 | Phone |
| Date Prepared | 2012-08-26 | 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 | RYAN THOMAS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 631623 | AddressLine1 |
| City | NACOGDOCHES | City |
| State | TX | State |
| ZIP Code | 759631623 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 276129569 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.ETEC.COOP | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1987 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | THE SALE OF ELECTRICITY AT COST TO ITS THREE MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 227976896 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 257905550 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1179990 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1288573 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 7951259 | OtherRevenuePriorYear |
| Other Revenue Current Year | 16935446 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 237108145 | TotalRevenuePriorYear |
| Total Revenue Current Year | 276129569 | 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 | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 118200 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 141300 | 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 | 224268815 | OtherExpensePriorYear |
| Other Expenses Current Year | 262247325 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 224387015 | TotalExpensesPriorYear |
| Total Expenses Current Year | 262388625 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 12721130 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 13740944 | RevenuesLessExpensesCY |
| Total Assets BOY | 687714745 | TotalAssetsBOY |
| Total Assets EOY | 698754861 | TotalAssetsEOY |
| Total Liabilities BOY | 645322858 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 648178980 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 42391887 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 50575881 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE SALE OF ELECTRICITY AT COST TO ITS THREE MEMBERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | PROVIDES ELECTRICAL ENERGY TO THREE ELECTRIC COOPERATIVES WHO PROVIDE ENERGY TO THEIR RESPECTIVE DISTRIBUTION COOPERATIVE MEMBERS WHO IN TURN SELL ELECTRICITY TO THEIR RETAIL MEMBERS. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| 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 | 0 | 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 | 0 | 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 | 0 | 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 | 42 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Gross Income From Members | 256575299 | GrossIncomeFromMembers |
| Gross Income Other Sources | 19554270 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | 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 | 1 | 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 | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RYAN THOMAS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9365609532 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2905 WESTWARD DR | AddressLine1 |
| City | NACOGDOCHES | City |
| State | TX | State |
| ZIP Code | 759631623 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| MELODY PINNELL | ||||||
| MANAGER/DIRECTOR | 5.00 | X | 0 | 0 | 0 | |
| MARK TAMPLIN | ||||||
| MANAGER/DIRECTOR | 5.00 | X | 0 | 0 | 0 | |
| KATHY WOOD | ||||||
| MANAGER/DIRECTOR | 5.00 | X | 0 | 0 | 0 | |
| SAM ALLISON | ||||||
| DIRECTOR | 5.00 | X | 13150 | 0 | 0 | |
| BASEL GIBBS | ||||||
| DIRECTOR | 5.00 | X | 13150 | 0 | 0 | |
| STEVE DELAUGHTER | ||||||
| DIRECTOR | 5.00 | X | 13150 | 0 | 0 | |
| FRANKIE B KING | ||||||
| DIRECTOR | 5.00 | X | 13150 | 0 | 0 | |
| HILTON LIVELY | ||||||
| DIRECTOR | 5.00 | X | 13150 | 0 | 0 | |
| DAN COURMIER | ||||||
| DIRECTOR | 5.00 | X | 12150 | 0 | 0 | |
| TRUITT THOMSON | ||||||
| DIRECTOR | 5.00 | X | 12250 | 0 | 0 | |
| JP DOBBS JR | ||||||
| DIRECTOR | 5.00 | X | 12650 | 0 | 0 | |
| KYLE KUNTZ | ||||||
| SECRETARY/TREASURER | 7.00 | X | 0 | 0 | 0 | X |
| DEBRA ROBINSON | ||||||
| PRESIDENT | 7.00 | X | 0 | 0 | 0 | X |
| PAT LINDLEY | ||||||
| DIRECTOR | 5.00 | X | 12650 | 0 | 0 | |
| JOHN C DUGAN | ||||||
| VICE PRESIDENT | 7.00 | X | 0 | 0 | 0 | X |
| JESSE BANKHEAD | ||||||
| MANAGER/DIRECTOR | 5.00 | X | 0 | 0 | 0 | |
| BARRON CHRISTENSEN | ||||||
| MANAGER/DIRECTOR | 5.00 | X | 0 | 0 | 0 | |
| GREG JONES | ||||||
| ASST SECRETARY/TREASURER | 7.00 | X | 0 | 0 | 0 | X |
| LARRY WARREN | ||||||
| MANAGER/DIRECTOR | 5.00 | X | 0 | 0 | 0 | |
| S W CARTER | ||||||
| ADVISORY DIRECTOR | 5.00 | X | 12700 | 0 | 0 | |
| JACK CHEEK | ||||||
| DIRECTOR | 5.00 | X | 13150 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 141300 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| GDS ASSOCIATES INC | |||||
| 1850 PARKWAY PLACE SUITE 800 | MARIETTA | GA | 30067 | ENGINEER CONSULTANTS | 3652245 |
| BRICKFIELD BURCHETTE RITTS & STONE PC | |||||
| 1025 THOMAS JEFFERSON ST | WASHINGTON | DC | 200075201 | LEGAL CONSULTANTS | 3606778 |
| WOOD GROUP POWER OPERATIONS | |||||
| 12600 DEERFIELD PARKWAY | ALPHARETTA | GA | 30004 | ENGINEER CONSULTANTS | 2566776 |
| POWER ENGINEERS INC | |||||
| PO BOX 1066 | HAILEY | ID | 83333 | ENGINEER CONSULTANTS | 343019 |
| SUTHERLAND ASBILL & BRENNAN LLP | |||||
| 999 PEACHTREE STREET NE | ATLANTA | GA | 303093996 | LEGAL CONSULTANTS | 335073 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| ELECTRIC ENERGY | 221000 | 256575299 | 256575299 |
| PATRONAGE CAPITAL | 221000 | 1231681 | 1231681 |
| TRANSMISSION WHEELING | 221000 | 98570 | 98570 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 257905550 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1288573 | TotalRevenueColumn |
| Exclusion | $1,288,573 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SELLBACK REVENUE | Description |
| Business Code | 221000 | BusinessCode |
| Total Revenue Column | 16935446 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16935446 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 16935446 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 276129569 | TotalRevenueColumn |
| Related Or Exempt Function Income | 274840996 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,288,573 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141300 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3182766 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2680623 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 239060 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17760 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76524 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21296142 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19700202 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34211 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PURCHASE OF ELECTRIC PO | 148293961 |
| PURCHASE OF FUEL | 42311452 |
| OPERATIONS & MAINTENANC | 8640883 |
| OPERATIONS & MAINTENANC | 3253240 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12520501 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 262388625 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13179416 | BOY |
| EOY | 10460678 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17574962 | BOY |
| EOY | 15447874 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20602476 | BOY |
| EOY | 21203541 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10256806 | BOY |
| EOY | 12261772 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4434705 | BOY |
| EOY | 2291457 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 691245593 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 76951213 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 582628045 | BOY |
| EOY | 614294380 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39038335 | BOY |
| EOY | 22795159 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 687714745 | BOY |
| EOY | 698754861 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21878661 | BOY |
| EOY | 19608296 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 623444197 | BOY |
| EOY | 623013737 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 5556947 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 645322858 | BOY |
| EOY | 648178980 | 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 | 15000 | BOY |
| EOY | 15000 | 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 | 42376887 | BOY |
| EOY | 50560881 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42391887 | BOY |
| EOY | 50575881 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 687714745 | BOY |
| EOY | 698754861 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 13740944 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -5556950 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 691245593 | OtherCostOrOtherBasis |
| Depreciation | 76951213 | Depreciation |
| Book Value | 614294380 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 614294380 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNREALIZED LOSS ON INTEREST RATE SWAP | Description |
| Amount | $5,556,947 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5556947 | TotalOfAmounts |
| Total Revenue | 276129569 | TotalRevenue |
| Total Expenses | 262388625 | TotalExpenses |
| Excess Or Deficit For Year | 13740944 | ExcessOrDeficitForYear |
| Other | -$5,556,950 | OtherAmount |
| Total Adjustments | -5556950 | TotalAdjustments |
| Excess Or Deficit Per FS | 8183994 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 276129569 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 276129569 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 276129569 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 262388625 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 262388625 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 262388625 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | UNREALIZED LOSS ON INTEREST RATE SWAP -5,556,950. |
| PART IV, LINE 11 - FIN 48 FOOTNOTE: FINANCIAL ACCOUNTING STANDARDS BOARD CODIFICATION SECTION 740 REQUIRES RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. THE COOPERATIVE CURRENTLY ACCOUNTS FOR UNCERTAIN TAX POSITIONS BASED ON THE ESTIMATED LIKELIHOOD OF ASSESSMENT AND HAS NOT DETERMINED THAT ANY TAX POSITIONS REQUIRE AN ACCRUAL BASED ON CURRENT STANDARDS OF ACCOUNTING. FOR FEDERAL INCOME TAX PURPOSES THE TAX RETURNS ESSENTIALLY REMAIN OPEN FOR POSSIBLE EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE DATE ON WHICH THOSE RETURNS ARE FILED. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | IN 2011, THE COOPERATIVE AMENDED ITS BY-LAW CONCERNING PATRONAGE CAPITAL TO FURTHER CLARIFY HOW THE BOARD MAY DEAL WITH LOSSES. THE AMENDED BY-LAW PROVIDES THE BOARD THE ABILITY TO ALLOCATE LOSSES TO MEMBERS, OFFSET LOSSES WITH MARGINS FROM FUTURE YEARS, OR OFFSET LOSSES WITH CERTAIN NONOPERATING MARGINS FROM CURRENT OR FUTURE YEARS. | |
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS CONSIST OF THREE 501(C)(12) TAX EXEMPT GENERATION AND TRANSMISSION COOPERATIVES - SAM RAYBURN ELECTRIC G&T, TEX-LA ELECTRIC G&T, AND NORTHEAST TEXAS ELECTRIC G&T. | |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH OF THE THREE RESPECTIVE MEMBERS APPOINTS REPRESENTATION TO THE GOVERNING BODY OF THE ORGANIZATION. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBER APPOINTED GOVERNING BODY WITH REPRESENTATION FROM EACH MEMBER COOPERATIVE HAS THE AUTHORITY TO APPROVE DECISIONS AND GOVERN THE ORGANIZATION. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD OF DIRECTORS DETERMINES WHETHER THE FORM 990 WILL BE REVIEWED BY ALL DIRECTORS, AN EXISTING COMMITTEE, OR A SPECIAL COMMITTEE APPOINTED FOR SUCH PURPOSE PRIOR TO FILING. ONCE THE RETURN IS COMPLETED, IT IS PROVIDED TO THE DIRECTORS OR THE COMMITTEE RESPONSIBLE FOR REVIEWING. EMPLOYEES OF THE COOPERATIVE RESPONSIBLE FOR FILING ARE AVAILABLE TO RESPOND TO QUESTIONS OR PROVIDE BACKGROUND AS NEEDED. ONCE THE DIRECTORS RESPONSIBLE FOR REVIEWING THE FORM 990 ARE SATISFIED IT IS COMPLETE, THE RETURN IS FILED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY EACH DIRECTOR MUST COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY KNOWN CONFLICTS OF INTEREST. THE GOVERNING BODY REVIEWS THESE STATEMENTS AND IS RESPONSIBLE FOR ENFORCING THE POLICY. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COOPERATIVE'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY SUBMITTING A WRITTEN REQUEST TO THE COOPERATIVE. | |
| FORM 990, PART XI, LINE 5: | UNREALIZED LOSS ON INTEREST RATE SWAP -5,556,950. TOTAL TO FORM 990, PART XI, LINE 5: -5,556,950. | CHANGES IN NET ASSETS OR FUND BALANCES: |