RURAL ELECTRIC CONVENIENCE COOPERATIVE CO: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: RURAL ELECTRIC CONVENIENCE COOPERATIVE CO (EIN 37-0495772)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-11-15
IRS object ID: 201223209349309917
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-15T19:43:53-08:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DREYER & KELSO PC PA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	5799 BROADMOOR SUITE 712	AddressLine1
City	MISSION	City
State	KS	State
ZIP Code	66202	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	370495772	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	RURAL ELECTRIC CONVENIENCE COOPERATIVE CO	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	RURA	NameControl
Phone	2174386197	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 19	AddressLine1
City	AUBURN	City
State	IL	State
ZIP Code	626150019	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DAVID STUVA	Name
Title	CEO	Title
Phone	2174386197	Phone
Date Signed	2012-11-12	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	D BOURK DREYER CPA	Name
Phone	9138311150	Phone

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	DAVID STUVA	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	P O BOX 19	AddressLine1
City	AUBURN	City
State	IL	State
ZIP Code	62615	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	14509530	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1936	YearFormation
State Legal Domicile	IL	StateLegalDomicile
Activity Or Mission Description	AS AN ENERGY AND SERVICES COOPERATIVE, OUR MEMBERS' NEEDS ARE RURAL ELECTRIC CONVENIENCE COOPERATIVE'S FIRST PRIORITY	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	29	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	7710	TotalGrossUBI
Net Unrelated Business Txbl Income	7710	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	14586458	ProgramServiceRevenuePriorYear
Program Service Revenue CY	14340018	ProgramServiceRevenueCY
Investment Income Prior Year	20997	InvestmentIncomePriorYear
Investment Income Current Year	78707	InvestmentIncomeCurrentYear
Other Revenue Prior Year	105705	OtherRevenuePriorYear
Other Revenue Current Year	87730	OtherRevenueCurrentYear
Total Revenue Prior Year	14713160	TotalRevenuePriorYear
Total Revenue Current Year	14506455	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	6976	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1344370	SalariesEtcPriorYear
Salaries Etc Current Year	1147982	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	13161518	OtherExpensePriorYear
Other Expenses Current Year	13207555	OtherExpensesCurrentYear
Total Expenses Prior Year	14505888	TotalExpensesPriorYear
Total Expenses Current Year	14362513	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	207272	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	143942	RevenuesLessExpensesCY
Total Assets BOY	35610280	TotalAssetsBOY
Total Assets EOY	36153172	TotalAssetsEOY
Total Liabilities BOY	25573119	TotalLiabilitiesBOY
Total Liabilities EOY	25968058	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	10037161	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	10185114	NetAssetsOrFundBalancesEOY
Mission Description	AS AN ENERGY AND SERVICES	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	PROVIDE ELECTRIC SERVICE TO CONSUMER/MEMBERS METERS	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	13	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	29	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Gross Income From Members	14268145	GrossIncomeFromMembers
Gross Income Other Sources	406356	GrossIncomeOtherSources
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	DAVID STUVA	NamePerson
Telephone Number	2174386197	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	P O BOX 19	AddressLine1
City	AUBURN	City
State	IL	State
ZIP Code	626150019	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (12 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Key EmployeeKeyEmployee
JIMMY AYERS
DIRECTOR	5.00	X	10960	0	0
JOHN BEATTY
DIRECTOR	4.00	X	8760	0	0	X
CASSIE EIGENMANN
DIRECTOR	4.00	X	9310	0	0
THOMAS DOWSON
DIRECTOR	4.00	X	8360	0	0
ERVIN SHORES
DIRECTOR	4.00	X	6490	0	0
MELVIN REPSCHER
DIRECTOR	4.00	X	8930	0	0
THOMAS HART
DIRECTOR	4.00	X	3720	0	0
CHRIS WILCOX
DIRECTOR	4.00	X	7960	0	0
DEAN FUCHS
MGR OF FINANCE	42.00		85473	0	63589	X
DAVID STUVA
PRESIDENT/CEO	60.00		134934	0	64756	X	X
CLAYTON BLOOME
DIRECTOR	4.00	X	5100	0	0
LOU WEITEKAMP
DIRECTOR	4.00	X	7010	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	297007	TotalReportableCompFromOrg
Total Other Compensation	128345	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount
OTHER MISC REVENUE	221000	108005
ELECTRIC REVENUE	221000	14224867
QUALIFIED POLE RENTAL	221000	7146	$7,146

Field	Value	IRS element (for citing)
Total Program Service Revenue	14340018	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	20601	TotalRevenueColumn
Exclusion	$20,601	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	61181	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	3075	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	58106	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	58106	TotalRevenueColumn
Related Or Exempt Function Income	58106	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Unrelated Business RevenueUnrelatedBusinessRevenue	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
FORM 990-T REVENUE	221000	15150	15150
FORM 990-T EXPENSES	221000	-7440	-7440
CAPITAL CREDITS	900099	80020		80020

Field	Value	IRS element (for citing)
Total Other Revenue	87730	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	14506455	TotalRevenueColumn
Related Or Exempt Function Income	14470998	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	7710	UnrelatedBusinessRevenue
Exclusion	$27,747	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	6976	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	297007	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	850975	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	595435	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1189829	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
PURCHASED POWER	9110918
TAXES	93446
ADMINISTRATIVE AND GENERAL	755845
DISTRIBUTION OPERATIONS	218241

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1243841	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	14362513	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	92518	BOY
EOY	84257	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1483903	BOY
EOY	1369015	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	421073	BOY
EOY	401815	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	2828255	BOY
EOY	2409543	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	42923275	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	12294286	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	29570946	BOY
EOY	30628989	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	1213585	BOY
EOY	1259553	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	35610280	BOY
EOY	36153172	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	2130176	BOY
EOY	1795577	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	277610	BOY
EOY	307448	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	22976722	BOY
EOY	23665822	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	188611	BOY
EOY	199211	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	25573119	BOY
EOY	25968058	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	329318	BOY
EOY	332271	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	9707843	BOY
EOY	9852843	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	10037161	BOY
EOY	10185114	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	35610280	BOY
EOY	36153172	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	143942	ReconcilationRevenueExpenses
Reconcilation Other Changes	4011	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5284	OtherCostOrOtherBasis
Book Value	5284	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	852183	OtherCostOrOtherBasis
Depreciation	433245	Depreciation
Book Value	418938	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2829518	OtherCostOrOtherBasis
Depreciation	2145464	Depreciation
Book Value	684054	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	39236290	OtherCostOrOtherBasis
Depreciation	9715577	Depreciation
Book Value	29520713	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	30628989	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	$199,211
ROUNDING

Field	Value	IRS element (for citing)
Total Of Amounts	199211	TotalOfAmounts
Total Revenue	14506455	TotalRevenue
Total Expenses	14362513	TotalExpenses
Excess Or Deficit For Year	143942	ExcessOrDeficitForYear
Excess Or Deficit Per FS	143942	ExcessOrDeficitPerFS

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	DAVID STUVA	NamePerson
Base Compensation Filing Org	134934	BaseCompensationFilingOrg
Deferred Comp Filing Org	56632	DeferredCompFilingOrg
Nontaxable Benefits Filing Org	8123	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	199689	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (11 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 6	MEMBER OWNED COOPERATIVE
Pt VI, Line 7a	ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP
Pt VI, Line 7b	MEMBERS APPROVE ALL BYLAW CHANGES
Pt VI, Line 11a	REVIEWD BY MANAGEMENT AND EMAILED TO BOARD MEMBERS
Pt VI, Line 12c	ANNUAL INTERNAL REVIEW
Pt VI, Line 15	ANNUAL BOARD REVIEW
Pt XI	RETIREMENT OF PATRONS CAPITAL CREDITS = -5,947
	CHANGES IN OTHER EQUITY ITEMS = 2,982
	ALLOCATION OF CAPITAL CREDITS TO MEMBERS = 6,976
	TOTAL TO PART XI, LINE 5 = 4,011
Form 990, Part IX, Line 24f	CONSUMER ACCOUNTS 226047. CUSTOMER ASSISTANCE 124240. TRANSMISSION EXPENSE 10517. GENERATION EXPENSE 59910. DISTRIBUTION MAINTENANCE 823127.