2012-07-25T14:46:07-05:00 2011-12-31 420714325 MCGLADREY LLP 250 WEST STREET SUITE 200 COLUMBUS OH 43215 990 2011-01-01 340133865 CARROLL ELECTRIC COOPERATIVE INC CARR 3306272116 PO BOX 67 CARROLLTON OH 44615 LARRY FENBERS 3306272116 2012-07-20 1 DARLENE M DAVIS P00389579 6142247722 2011 2016-02-24 21:20:13Z LARRY FENBERS 350 CANTON RD NW CARROLLTON OH 446158404 20875314 0 X WWW.CECPOWER.COOP/ X 1937 OH POSITIVE PEOPLE PROVIDING ESSENTIAL, RELIABLE, CONSISTENT AND AFFORDABLE ELECTRIC POWER; NOT FOR PROFIT, BUT FOR THE MEMBERS WITH THE DESIRE TO HELP THE MEMBERS AND THEIR COMMUNITIES. 9 0 35 0 0 0 209595 681773 19078861 20081795 28802 83057 22479 14449 19339737 20861074 4748 5246 0 0 479751 418125 0 0 0 18359677 19320750 18844176 19744121 495561 1116953 43951989 44766316 27943319 28054334 16008670 16711982 CARROLL ELECTRIC COOPERATIVE INC. PROVIDES ELECTRICITY TO ITS MEMBERS. 0 0 RURAL ELECTRIFICATION SERVICING APPROXIMATELY 12,450 CUSTOMERS 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 16 0 1 35 1 0 0 0 0 0 0 0 0 0 20081795 111746 0 X 9 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 OH X DEANNA SMITH 3306272116 350 CANTON RD NW CARROLLTON OH 446150067 LARRY FENBERS 40.00 X X 159588 0 51849 HAROLD SUTTON 6.00 X X 7883 0 0 GARY SNODE 4.00 X X 7751 0 0 KEVIN TULLIS 4.00 X 8125 0 0 KENNY BROWN 4.00 X 5425 0 0 WILLIAM CASPER 4.00 X 6025 0 0 ROBERT MCCORT 7.00 X 11426 0 0 DALE HALEY 4.00 X 6025 0 0 FRANK CHIURCO 4.00 X 7075 0 0 HAROLD BARBER 6.00 X X 9175 0 0 228498 0 51849 1 0 1 0 LEWIS TREE SERVICE 300 LUCIUS GORDON DR WEST HENRIETTA NY 14586 TREE CLEARING CONTRACTORS 709485 D & E TREE SERVICE 8201 CHALON RD SCIO OH 43988 TREE CLEARING CONTRACTORS 390841 THE DAVEY TREE EXPERT CO PO BOX 5193 KENT OH 44240 TREE CLEARING CONTRACTORS 229065 JAN'S CONSTRUCTION PO BOX 276 CARROLLTON OH 44615 TREE CLEARING CONTRACTORS 188232 4 681773 681773 SALE OF ELECTRIC SERV 221000 20081795 20081795 20081795 50297 50297 47000 14240 32760 32760 32760 MISCELLANEOUS INCOME 900099 14449 14449 14449 20861074 20096244 0 83057 5246 228498 43605 50756 95266 10228 32022 137106 100353 1110126 80854 1316900 COST OF PURCHASED POWER 11098570 DISTRIBUTION EXP-MAINT. 3915477 TAX EXPENSE 605393 CONSUMER SERVICE EXPENS 576597 337124 19744121 228624 314787 267448 0 2225765 2184115 248340 193513 47021385 13574340 32978274 33447045 7890675 8486100 112863 140756 43951989 44766316 2200051 2156731 433697 418628 24059571 22895070 1250000 2583905 27943319 28054334 X 15217669 15874057 0 0 791001 837925 16008670 16711982 43951989 44766316 X 1116953 -413641 X 0 1 0 X 0 47360 47360 704004 363636 340368 46155770 13210704 32945066 114251 114251 33447045 ENERGY RELATED INVESTMENTS 286106 F OTHER 1347060 F PATRONAGE CAPITAL 6852934 F 8486100 LINE OF CREDIT 250000 LONG TERM DEBT TO RELATED THIRD PARTIES 2333905 2583905 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COOPERATIVE FOLLOWS THE ACCOUNTING GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE COOPERATIVE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE COOPERATIVE, AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. AT DECEMBER 31, 2011 AND 2010 THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. 0 SCHOLARSHIPS 5 5246 0 0 0 LARRY FENBERS 159588 0 0 0 0 0 40289 0 11560 0 211437 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS ARE ALL CUSTOMERS OF THE COOP AND ARE ENTITLED TO VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE 990 IS PROVIDED TO EACH BOARD MEMBER AND THEY HAVE THE OPPORTUNITY TO REVIEW IT AND ASK QUESTIONS DURING THIS MEETING. THE 990 IS FILED AFTER APPROVAL BY THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C ANY REPORTED INFORMATION IS REVIEWED BY THE GENERAL MANAGER/CEO AND THE BOARD FOR POTENTIAL CONFLICTS. THESE CONFLICTS WOULD BE DISCUSSED IN THE BOARD ROOM OR WITH LEGAL COUNSEL IF APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS 990 DATA OF OTHER SIMILAR SIZE COOPS TO REVIEW CEO COMPENSATION. THE BOARD ALSO UTILIZED NRECA'S 2011 COMPENSATION STUDY TO REVIEW CEO COMPENSATION FOR COOPS OF SIMILAR SIZE AND LOCATION. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST BY CALLING OR WRITING THE OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: -4,626. CHANGE IN MEMBERSHIP FEES -419. RETIREMENT OF CAPITAL CREDITS -451,066. INCREASE IN OTHER EQUITIES 42,463. ROUNDING 7. TOTAL TO FORM 990, PART XI, LINE 5: -413,641. PEOPLE FOR PEOPLE FUND PO BOX 67 CARROLLTON OH 44615 341926880 FUNDING FOR THOSE IN NEED OH 501 C 3 7 CARROLL ELECTRIC 0 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION (NRUCFC) 20701 COOPERATIVE WAY DULLES VA 20166 520891669 FINANCING (LOAN) SOURCE VA 501(C)(4) NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0