2012-05-07T14:47:08-05:00 2011-12-31 391277627 BAUMAN ASSOCIATES LTD PO BOX 1225 EAU CLAIRE WI 547021225 990 2011-01-01 390651310 TAYLOR ELECTRIC COOPERATIVE TAYL 7156782411 N1831 STATE HIGHWAY 13 MEDFORD WI 54451 MICHAEL SCHAEFER 7156782411 2012-05-07 1 GREGORY D MLEZIVA CPA P00004968 7158342001 2011 2016-02-24 21:20:13Z MICHAEL SCHAEFER N1831 STATE HIGHWAY 13 MEDFORD WI 54451 3903708 0 X WWW.TAYLORELECTRIC.ORG X 1937 WI TO PROVIDE SAFE AND RELIABLE ELECTRIC SERVICE TO MEMBERS IN PARTS OF FOUR RURAL WISCONSIN COUNTIES WHILE OPERATING UNDER THE COOPERATIVE PRINCIPLE. 7 7 16 0 2751 0 0 0 3464557 3885617 249513 15340 3845 2751 3717915 3903708 0 0 0 526151 1036202 253072 0 0 0 2342046 3097908 3378248 3877131 339667 26577 18500432 18985755 11076844 11242180 7423588 7743575 TO PROVIDE SAFE AND RELIABLE ELECTRIC SERVICE TO MEMBERS IN FOUR RURAL WISCONSIN COUNTIES WHILE OPERATING ON THE COOPERATIVE PRINCIPLE. 0 0 THE COOPERATIVE HAD ELECTRIC SALES TO APPROXIMATELY 4,337 MEMBERS IN 2011. 0 0 0 0 0 0 0 0 1 0 1 0 1 1 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 35 0 16 1 1 1 0 0 0 0 0 0 8356703 44587 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X THE ORGANIZATION 7156782411 N1831 STATE HIGHWAY 13 MEDFORD WI 54451 BRIAN KULAS 8.00 X 4500 0 0 DEAN TESCH 3.00 X 2938 0 0 PATRICIA WALDHART 6.00 X 4625 0 0 RAYMOND HENRICHS 5.00 X 4313 0 0 JOANN SMITH 3.00 X 3063 0 0 JAMES SMOLA 5.00 X 3375 0 0 ALVIN LISKE 6.00 X 375 0 0 CHARLES ZENNER 3.00 X 2625 0 0 MICHAEL SCHAEFER 45.00 X 113150 0 60209 PATRICIA NELSON 45.00 X 75300 0 35598 214264 0 95807 1 0 1 0 MAKOVSKY BRUSH SERVICE N3852 PRENTICE ROAD PRENTICE WI 54556 BRUSHING 302772 A J CONSTRUCTION OF WI 3532 PLAYBIRD ROAD SHEBOYGAN WI 53083 CONSTRUCTION 146101 2 GROSS ELECTRIC REVENUE 221000 8628538 8300868 327670 SERVICES, CHARGES, FEE 221000 51641 51641 MERCHANDISING REVENUE 453000 33141 33141 LESS MERCHANDISING EXP 453000 -24655 -24655 LESS COST OF POWER 221000 -4803048 -4803048 3885617 13543 13543 1797 1797 1797 1797 LONG DISTANCE TELEPHON 517000 915 915 1836 1836 2751 3903708 3559744 2751 341213 526151 253072 8000 11915 17961 10433 567377 712665 DISTRIBUTION - MAINTENA 657387 DISTRIBUTION - OPERATIO 494950 CONSUMER ACCOUNTS 232648 GENERAL & ADMIN EXPENSE 147018 237554 3877131 300 300 224954 197537 852361 832114 27898 0 243075 293686 95430 94238 22318321 7969241 14051846 14349080 2996808 3199952 7760 18848 18500432 18985755 707731 736092 9846795 9986705 522318 519383 11076844 11242180 X 0 0 0 0 7423588 7743575 7423588 7743575 18500432 18985755 X 26577 293410 X X 0 1 1 X 0 23271 23271 22295050 7969241 14325809 14349080 DAIRYLAND POWER COOPERATIVE 2409918 C NRUCFC CAPITAL CREDITS 229644 C NRUCFC CAPITAL AND LOAN TERM CREDITS 360129 C INVESTMENT IN FEDERATED INS 52897 C INVESTMENT IN OTHER ASSOCIATED ORGS 147364 C 3199952 ACCRUED INTEREST PAYABLE 112640 CUSTOMER DEPOSITS 74224 ACCRUED PAYROLL 18158 OTHER PAYROLL AND FRINGE ACCRUALS 151759 DEFERRED INSTALLATIONS 47120 UNAMORITIZED GAIN ON DEBT 88672 OTHER DEFERRED CREDITS 6527 ACCRUED PROPERTY TAXES AND OTHER ACCRUED TAXES 18587 RETIRE NO CHECK CAPITAL CREDITS 1696 519383 3903708 3877131 26577 293410 293410 319987 8706756 0 8706756 -4803048 -4803048 3903708 8154028 4276897 4276897 3877131 0 3877131 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE WILL RECOGNIZE ANY ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED BENEFITS IN INCOME TAX, IF INCURRED. THE COOPERATIVE'S PREVIOUS THREE TAX YEARS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 8 - OTHER ADJUSTMENTS: 2011 MARGINS ALLOCATED TO MEMBERS 526,151. PATRONAGE CAPITAL RETIRED -232,741. TOTAL TO SCHEDULE D, PART XI, LINE 8: 293,410. PART XII, LINE 4B - OTHER ADJUSTMENTS: LESS COST OF POWER -4,803,048. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LESS COST OF POWER 4,803,048. 2011 MARGINS ALLOCATED TO MEMBERS -526,151. X X 0 0 0 MICHAEL SCHAEFER 113150 0 0 0 0 0 42541 0 17668 0 173359 0 0 0 DAIRYLAND POWER COOPERATIVE TAYLOR ELECTRIC COOPERATIVE IS A CUSTOMER OF DAIRYLAND POWER COOPERATIVE. 4803048 THE TAYLOR ELECTRIC BOARD CHAIRMAN, BRIAN KULAS, WAS ALSO ON THE BOARD OF DIRECTORS AT DAIRYLAND POWER COOPERATIVE IN 2011. TAYLOR ELECTRIC PURCHASED ALL ELECTRICITY FROM DAIRYLAND POWER COOPERATIVE IN 2011. 0 FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON WHO REQUESTS SERVICE FROM THE COOPERATIVE SUBJECT TO THE CONDITIONS APPLICABLE TO ALL PATRONS OF THE SAME CLASS OF SERVICE, UPON RECEIPT OF SUCH SERVICE SHALL BE DEEMED A MEMBER WITH THE SAME RIGHTS AND PRIVILEGES AS EACH OTHER MEMBER OF SUCH CLASS. FORM 990, PART VI, SECTION A, LINE 7A CANDIDATES FOR POSITIONS ON THE BOARD OF DIRECTORS ARE NOMINATED BY A NOMINATING COMMITTEE, AND/OR NOMINATED FROM THE FLOOR AT THE ANNUAL MEETING OF THE MEMBERS. THE BOARD OF DIRECTORS MAY APPOINT AN ELIGIBLE MEMBER TO FILL A VACANT POSITION ON THE BOARD, BUT THAT MEMBER MUST STAND FOR ELECTION AT THE NEXT ANNUAL MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS ONE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS HAVE DELEGATED THE PREISSUANCE OF REVIEW OF FORM 990 TO MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C MONITORING ON AN ONGOING BASIS WITH MANAGEMENT AS WELL AS SPECIAL CONSIDERATIONS AT TIME OF HIRE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR KEY EMPLOYEES IS REVIEWED PERIODICALLY BY COMPARING TO INDUSTRY PEERS IN STATE AND REGION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTATION IS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: 2011 MARGINS ALLOCATED TO MEMBERS 526,151. PATRONAGE CAPITAL RETIRED -232,741. TOTAL TO FORM 990, PART XI, LINE 5: 293,410. FORM 990, PART XII, LINE 2C: NO CHANGES HAVE BEEN MADE SINCE PRIOR YEAR. FORM 990, PART XIII, LINE 2G: REPORTED REVENUE ON 990 NET OF WHOLESALE POWER COSTS AND MERCHANDISING EXPENSES. FORM 990, PART IX, LINE 4: THE COOPERATIVE HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO BE THE AMOUNT OF CURRENT YEAR MARGINS THAT WILL BE ALLOCATED TO ITS MEMBERS AND THEREFORE HAS PRESENTED THIS AMOUNT. THIS WAS A CHANGE IN THE 2011 FORM 990 INSTRUCTIONS AND THEREFORE IS NOT SHOWN AS AN EXPENSE ON THE 2010 RETURN. THE COOPERATIVE HAS ALLOCATED ALL OPERATING MARGINS AND RETAINED A PORTION OF ITS NON-OPERATING MARGINS.