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    <Timestamp>2012-10-30T09:25:21-05:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Schmidt and Company LLC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>923 NE Woods Chapel Rd</AddressLine1>
        <City>Lees Summit</City>
        <State>MO</State>
        <ZIPCode>64064</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>431636719</EIN>
      <Name>
        <BusinessNameLine1>OSAGE VALLEY ELECTRIC COMMUNITY TRUST</BusinessNameLine1>
      </Name>
      <NameControl>OSAG</NameControl>
      <USAddress>
        <AddressLine1>PO BOX 470</AddressLine1>
        <City>Butler</City>
        <State>MO</State>
        <ZIPCode>64730</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>DARYL VEATCH</Name>
      <Title>EX-OFFICIO</Title>
      <Phone>6606793131</Phone>
      <DateSigned>2012-05-14</DateSigned>
      <AuthorizeThirdParty>false</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Roger Schmidt Jr</Name>
      <Phone>8883910229</Phone>
      <DatePrepared>2012-10-30</DatePrepared>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="3">
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      <ScheduleBNotRequired>X</ScheduleBNotRequired>
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      <GrossReceipts>70304</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>69985</ContributionsGiftsGrantsEtc>
      <InvestmentIncome>319</InvestmentIncome>
      <TotalRevenue>70304</TotalRevenue>
      <GrantsAndSimilarAmountsPaid>62251</GrantsAndSimilarAmountsPaid>
      <OtherExpensesTotal>2462</OtherExpensesTotal>
      <TotalExpenses>64713</TotalExpenses>
      <ExcessOrDeficitForYear>5591</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>10737</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>16328</NetAssetsOrFundBalancesEOY>
      <CashSavingsAndInvestments>
        <BOY>10737</BOY>
        <EOY>16328</EOY>
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      <LandAndBuildings>
        <BOY>0</BOY>
        <EOY>0</EOY>
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      <OtherAssetsTotal>
        <BOY>0</BOY>
        <EOY>0</EOY>
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      <TotalAssets>
        <BOY>10737</BOY>
        <EOY>16328</EOY>
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      <SumOfTotalLiabilities>
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        <EOY>0</EOY>
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      <NetAssetsOrFundBalances>
        <BOY>10737</BOY>
        <EOY>16328</EOY>
      </NetAssetsOrFundBalances>
      <PrimaryExemptPurpose>COMMUNITY ASSISTANCE</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>PROVIDED ASSISTANCE TO ALLEVIAT SOME OF THE DESPERATE HUMAN SITUATIONS RESULTING FROM NATURAL DISASTERS LIKE FLOODS EXTRA ORDINARY EMERGENCIES FIRES MENTAL OR PHYSICAL DISORDER</DescriptionProgramServiceAccom>
        <GrantsAndAllocations>69985</GrantsAndAllocations>
        <ProgramServiceExpenses>2462</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>2462</TotalProgramServiceExpenses>
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          <AddressLine1>PO BOX 470</AddressLine1>
          <City>Butler</City>
          <State>MO</State>
          <ZIPCode>64730</ZIPCode>
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        <Compensation>144</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
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          <State>MO</State>
          <ZIPCode>64730</ZIPCode>
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        <Title>PRESIDENT</Title>
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        <Compensation>260</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>ERIC FARMER</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 470</AddressLine1>
          <City>Butler</City>
          <State>MO</State>
          <ZIPCode>64730</ZIPCode>
        </AddressUS>
        <Title>TREASURER</Title>
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        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>CHARLOTTE GRIMES</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 470</AddressLine1>
          <City>Butler</City>
          <State>MO</State>
          <ZIPCode>64730</ZIPCode>
        </AddressUS>
        <Title>DIR</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>55</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>PATTY PARROTT</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 470</AddressLine1>
          <City>Butler</City>
          <State>MO</State>
          <ZIPCode>64730</ZIPCode>
        </AddressUS>
        <Title>DIR</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>441</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>JOHN RODICK</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 470</AddressLine1>
          <City>Butler</City>
          <State>MO</State>
          <ZIPCode>64730</ZIPCode>
        </AddressUS>
        <Title>VP</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>358</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>CARL STEIGER</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 470</AddressLine1>
          <City>Butler</City>
          <State>MO</State>
          <ZIPCode>64730</ZIPCode>
        </AddressUS>
        <Title>DIR</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>39</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>SHELLY THOMAS</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 470</AddressLine1>
          <City>Butler</City>
          <State>MO</State>
          <ZIPCode>64730</ZIPCode>
        </AddressUS>
        <Title>SEC</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>65</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>JANET BRUNS</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 470</AddressLine1>
          <City>Butler</City>
          <State>MO</State>
          <ZIPCode>64730</ZIPCode>
        </AddressUS>
        <Title>DIR</Title>
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        <Compensation>366</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>ANGIE CULLER</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 470</AddressLine1>
          <City>Butler</City>
          <State>MO</State>
          <ZIPCode>64730</ZIPCode>
        </AddressUS>
        <Title>DIR</Title>
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        <Compensation>33</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>ROCKY STEIGER</PersonName>
        <AddressUS>
          <AddressLine1>PO BOX 470</AddressLine1>
          <City>Butler</City>
          <State>MO</State>
          <ZIPCode>64730</ZIPCode>
        </AddressUS>
        <Title>DIR</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>204</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>false</OrganizationHadUBI>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <OrganizationDissolvedEtc>false</OrganizationDissolvedEtc>
      <DidOrgFileForm1120POLThisYear>false</DidOrgFileForm1120POLThisYear>
      <MadeLoansToFromOfficers>false</MadeLoansToFromOfficers>
      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TheBooksAreInCareOf>
        <NamePerson>DARYLL VEATCH</NamePerson>
        <AddressUS>
          <AddressLine1>PO BOX 470</AddressLine1>
          <City>Butler</City>
          <State>MO</State>
          <ZIPCode>64730</ZIPCode>
        </AddressUS>
        <TelephoneNumber>6606793131</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>false</DoesOrgHaveHospital>
      <TanningServicesProvided>false</TanningServicesProvided>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionWithControlEntity>false</TransactionWithControlEntity>
      <EngagePoliticalCmpgnActivities>false</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities>false</EngageInLobbyingActivities>
      <OperatingSchool referenceDocumentId="990E">false</OperatingSchool>
      <TrnsfrsExemptNonCharRelatedOrg>false</TrnsfrsExemptNonCharRelatedOrg>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
      <FiledScheduleA>true</FiledScheduleA>
    </IRS990EZ>
    <IRS990ScheduleA documentId="990A">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>66578</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>68532</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>69455</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>70054</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>69985</CurrentTaxYear>
        <Total>344604</Total>
      </GiftsGrantsContribReceived509>
      <Total509>
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        <CurrentTaxYearMinus3Years>68532</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>69455</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>70054</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>69985</CurrentTaxYear>
        <Total>344604</Total>
      </Total509>
      <PublicSupportTotal509>344604</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>242</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>83</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>142</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>181</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>319</CurrentTaxYear>
        <Total>967</Total>
      </GrossInvestmentIncome509>
      <InvestmentIncomeAndUBTI>
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        <CurrentTaxYearMinus3Years>83</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>142</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>181</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>319</CurrentTaxYear>
        <Total>967</Total>
      </InvestmentIncomeAndUBTI>
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        <CurrentTaxYearMinus1Year>70235</CurrentTaxYearMinus1Year>
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        <Total>345571</Total>
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      <PriorYearSupportPercentage>0.99740</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.00280</InvestmentIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleO documentId="990O">
      <GeneralExplanation>
        <Identifier>01. List of grants and similar amounts paid (Part I, line 10)</Identifier>
        <Explanation>Activity GRANT Grantee VARIOUS Address PO BOX 470 Butler MO 64730 Relationship NONE Amount 62251</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>02. Description of other expenses (Part I, line 16)</Identifier>
        <Explanation>Description Amount Directors Expenses 2279 Other 183</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>