CENTRAL RURAL ELECTRIC COOPERATIVE: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: CENTRAL RURAL ELECTRIC COOPERATIVE (EIN 73-0177775)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-09-24
IRS object ID: 201232689349300023
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
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-09-24T15:19:11-05:00	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	BRISCOE BURKE & GRIGSBY LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	4120 EAST 51ST STREET SUITE 100	AddressLine1
City	TULSA	City
State	OK	State
ZIP Code	741353633	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	730177775	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	CENTRAL RURAL ELECTRIC COOPERATIVE	BusinessNameLine1
Business Name Line2	INC	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	CENT	NameControl
Phone	8003752884	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1809	AddressLine1
City	STILLWATER	City
State	OK	State
ZIP Code	74076	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DAVID SWANK	Name
Title	CEO	Title
Phone	8003752884	Phone
Date Signed	2012-09-10	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	SEAN B DUNAHAY CPA	Name
Phone	9187498337	Phone
Date Prepared	2012-09-10	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)
Gross Receipts	48738314	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1938	YearFormation
State Legal Domicile	OK	StateLegalDomicile
Activity Or Mission Description	TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	118	TotalNbrEmployees
Total Gross UBI	916	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	48395750	ProgramServiceRevenuePriorYear
Program Service Revenue CY	48104368	ProgramServiceRevenueCY
Investment Income Prior Year	502499	InvestmentIncomePriorYear
Investment Income Current Year	463042	InvestmentIncomeCurrentYear
Other Revenue Prior Year	-39980	OtherRevenuePriorYear
Other Revenue Current Year	21715	OtherRevenueCurrentYear
Total Revenue Prior Year	48858269	TotalRevenuePriorYear
Total Revenue Current Year	48589125	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	3311735	BenefitsPaidToMembersCY
Salaries Etc Prior Year	599357	SalariesEtcPriorYear
Salaries Etc Current Year	596529	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	45471597	OtherExpensePriorYear
Other Expenses Current Year	46336226	OtherExpensesCurrentYear
Total Expenses Prior Year	46070954	TotalExpensesPriorYear
Total Expenses Current Year	50244490	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	2787315	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-1655365	RevenuesLessExpensesCY
Total Assets BOY	93125650	TotalAssetsBOY
Total Assets EOY	98610294	TotalAssetsEOY
Total Liabilities BOY	43561482	TotalLiabilitiesBOY
Total Liabilities EOY	47137749	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	49564168	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	51472545	NetAssetsOrFundBalancesEOY
Mission Description	TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	PROVIDED ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
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	true	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
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	true	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	51	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	118	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Gross Income From Members	48104368	GrossIncomeFromMembers
Gross Income Other Sources	587953	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
States Where Copy Of Return Is Filed	OK	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	THE COOPERATIVE	NamePerson
Telephone Number	4053722884	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1809	AddressLine1
City	STILLWATER	City
State	OK	State
ZIP Code	74076	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
GARY MCCUNE
TRUSTEE/CHAI	12.00	X	24150	0	0
LEN TONTZ
TRUSTEE	8.00	X	19400	0	0
C D MIHURA
TRUSTEEE/SEC	7.00	X	17200	0	0
RAYMOND NETTLES
TRUSTEE	6.00	X	14800	0	0
JAMES WILLIAMS
TRUSTEE/VICE	9.00	X	14400	0	0
DALE WEATHERS
TRUSTEE	4.00	X	14000	0	0
RICHARD STULTS
TRUSTEE	6.00	X	13600	0	0
CLYDE HABBEN
TRUSTEE	7.00	X	12400	0	0
BILL W DAVIS
TRUSTEE	9.00	X	9200	0	0
LOUISE ETHRIDGE
TRUSTEE	8.00	X	5200	0	0
DAVID SWANK
CEO	55.00		211885	0	76295	X
PATRICIA NANCE
CFO	50.00		112307	0	51692	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	468542	TotalReportableCompFromOrg
Total Other Compensation	127987	TotalOtherCompensation
Number Individuals GT100 K	2	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
ELECTRICAL LINE SERVICES INC
14200 S TULSA DR	OKLAHOMA CITY	OK	73170	ELECTRICAL	1269871
WOLF TREE INC
PO BOX 415000-0046	NASHVILLE	TN	37241	TREE CARE	588887
OSMOSE UTILITIES SERVICES INC
PO BOX 8000	BUFFALO	NY	14267	CONSTRUCTION	325703
NORTHWEST TRANSFORMER COMPANY INC
8 SOUTHWEST 29TH	OKLAHOMA CITY	OK	73109	MATERIAL	156660
KERNS CONSTRUCTION
1805 S PERKINS RD	STILLWATER	OK	74076	CONSTRUCTION	150109

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	9	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	SALES OF ELECTRICITY	Description
Total Revenue Column	48104368	TotalRevenueColumn
Related Or Exempt Function Income	48104368	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	48104368	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	474410	TotalRevenueColumn
Exclusion	$474,410	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	42122	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	42122	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	42122	TotalRevenueColumn
Exclusion	$42,122	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	3872	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	15240	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	-11368	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-11368	TotalRevenueColumn
Exclusion	-$11,368	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	18808	GrossSalesOfInventory
Cost Of Goods Sold	133949	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	-115141	TotalRevenueColumn
Unrelated Business Revenue	916	UnrelatedBusinessRevenue
Exclusion	-$116,057	ExclusionAmount

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount
NON-OPERATING REVENUE-AEC	85034	$85,034
NON-OPERATING REVENUE	5528	$5,528
NON-OPERATING REVENUE - STILL	4172	$4,172

Field	Value	IRS element (for citing)
Total Other Revenue	94734	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	48589125	TotalRevenueColumn
Related Or Exempt Function Income	48104368	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	916	UnrelatedBusinessRevenue
Exclusion	$483,841	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	3311735	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	596529	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	964184	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	3465963	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
COST OF POWER	30925387
DISTRIBUTION	5479041
GENERAL & ADMIN.	2465326
CONSUMER EXPENSE	2025514

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1010811	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	50244490	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	6499818	BOY
EOY	8826745	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	595	BOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	5202091	BOY
EOY	5518990	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	4963	BOY
EOY	6821	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	45384	BOY
EOY	106290	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	109530979	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	42563870	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	65827524	BOY
EOY	66967109	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	15545275	BOY
EOY	17184339	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	93125650	BOY
EOY	98610294	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	4641673	BOY
EOY	4479769	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	30620765	BOY
EOY	34334684	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	8299044	BOY
EOY	8323296	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	43561482	BOY
EOY	47137749	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	665155	BOY
EOY	678320	EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	6525361	BOY
EOY	6581971	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	42373652	BOY
EOY	44212254	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	49564168	BOY
EOY	51472545	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	93125650	BOY
EOY	98610294	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-1655365	ReconcilationRevenueExpenses
Reconcilation Other Changes	3563742	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	true	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	193031	OtherCostOrOtherBasis
Book Value	193031	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5233981	OtherCostOrOtherBasis
Depreciation	2382585	Depreciation
Book Value	2851396	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	104103967	OtherCostOrOtherBasis
Depreciation	40181285	Depreciation
Book Value	63922682	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	66967109	TotalOfBookValueLandBuildings

Closely Held Equity Interests CloselyHeldEquityInterests

Field	Value	IRS element (for citing)
Book Value	17184339	BookValue
Method Of Valuation	C	MethodOfValuation

Field	Value	IRS element (for citing)
Total Of Book Value Securities	17184339	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescription	AmountAmount
OIL LOAD REVENUE DEFERRAL PLAN	$4,000,000
PROVISION FOR POST-RETIREMENT BENEF.	$2,236,907
CONSUMER ADVANCES FOR CONSTRUCTION	$1,193,408
CONSUMER DEPOSITS	$647,133
DEFERRED CREDITS	$245,848

Field	Value	IRS element (for citing)
Total Of Amounts	8323296	TotalOfAmounts
Total Revenue	48589125	TotalRevenue
Total Expenses	50244490	TotalExpenses
Excess Or Deficit For Year	-1655365	ExcessOrDeficitForYear
Other	$4,967,100	OtherAmount
Total Adjustments	4967100	TotalAdjustments
Excess Or Deficit Per FS	3311735	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	50244490	TotRevenueEtcAuditedFinclStmt
Other Revenues	1655365	OtherRevenues
Revenue Not Rptd F990	1655365	RevenueNotRptdF990
Revenue Subtotal	48589125	RevenueSubtotal
Total Revenue Per Form990	48589125	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	46932755	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	46932755	ExpensesSubtotal
Other Expenses Not Included	3311735	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	3311735	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	50244490	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS CONSIDERED WHETHER THE COMPANY HAS ANY UNCERTAIN TAX POSITIONS, EMBEDDED OR OTHERWISE, THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES NO SUCH MATERIAL UNCERTAINTIES EXIST, THEREFORE, NO PROVISION IS PROVIDED. THE COMPANY HAS TAX RETURNS FOR TAX YEARS 2008-2010 IN VARIOUS JURISDICTIONS THAT REMAIN SUBJECT TO EXAMINATION.
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	ACCRUAL BASIS CAPITAL CREDITS 1,655,365 PATRONAGE DIVIDENDS - ALLOCATED 3,311,735
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	ACCRUAL BASIS CAPITAL CREDITS 1,655,365
EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 4B	PATRONAGE DIVIDENDS - ALLOCATED 3,311,735

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
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 (2 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg
DAVID SWANK
211885	56651	19644	288180
PATRICIA NANCE
112307	32988	18704	163999

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	MEMBERS
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	YES
DECISIONS SUBJECT TO APPROVAL OF MEMBERS	FORM 990, PAGE 6, PART VI, LINE 7B	YES
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	REVIEWED BY MANAGEMENT PRIOR TO SUBMISSION TO THE BOARD FOR APPROVAL.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	ORGANIZATION PERIODICALLY REVIEWS THE POLICY WITH EMPLOYEES AND THE BOARD.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	ORGANIZATION UTILIZES INDUSTRY INFORMATION AND CONSULTANTS AS NECESSARY TO DETERMINE COMPENSATION.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	ORGANIZATION UTILIZES INDUSTRY INFORMATION AND CONSULTANTS AS NECESSARY TO DETERMINE COMPENSATION.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	UPON REQUEST.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	CENTRAL RURAL ELECTRIC FOUNDATION	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1809	AddressLine1
City	STILLWATER	City
State	OK	State
ZIP Code	74076	ZIPCode

Field	Value	IRS element (for citing)
EIN	204700369	EIN
Primary Activities	DONATIONS	PrimaryActivities
Legal Domicile State	OK	LegalDomicileState
Exempt Code Section	501C3	ExemptCodeSection
Public Charity Status	9	PublicCharityStatus

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CREC	BusinessNameLine1
Business Name Line2	CENTRAL RURAL ELECTRIC COOPERATIVE	BusinessNameLine2

Field	Value	IRS element (for citing)
Controlled Org	false	ControlledOrg

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	true	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable

Name Of Other Organization NameOfOtherOrganization

Field	Value	IRS element (for citing)
Business Name Line1	CENRAL RURAL ELECTRIC FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Transaction Type	Q	TransactionType
Amount Involved	86524	AmountInvolved
Method Of Amt Determination	ACCRUAL	MethodOfAmtDetermination