MAGNOLIA ELECTRIC POWER ASSOCIATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: MAGNOLIA ELECTRIC POWER ASSOCIATION (EIN 64-0195613)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-11-09
IRS object ID: 201233149349302303
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	2012-11-09T15:43:55-06:00	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	WILSON & BIGGS PLLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 930	AddressLine1
City	RIDGELAND	City
State	MS	State
ZIP Code	39158	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	640195613	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	MAGNOLIA ELECTRIC POWER ASSOCIATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	MAGN	NameControl
Phone	6016844011	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 747	AddressLine1
City	MCCOMB	City
State	MS	State
ZIP Code	39648	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DARRELL SMITH	Name
Title	GENERAL MANAGER	Title
Phone	6016844011	Phone
Date Signed	2012-11-08	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	GEORGE M BIGGS JR	Name
Phone	6019572001	Phone
Date Prepared	2012-11-09	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)
Name Of Principal Officer Person	DARRELL SMITH	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 747	AddressLine1
City	MCCOMB	City
State	MS	State
ZIP Code	39648	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	84666284	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.MAGNOLIAEPA.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1938	YearFormation
State Legal Domicile	MS	StateLegalDomicile
Activity Or Mission Description	MEMBER OWNED ELECTRIC COOPERATIVE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	111	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	81106999	ProgramServiceRevenuePriorYear
Program Service Revenue CY	81889419	ProgramServiceRevenueCY
Investment Income Prior Year	199897	InvestmentIncomePriorYear
Investment Income Current Year	500113	InvestmentIncomeCurrentYear
Other Revenue Prior Year	2117832	OtherRevenuePriorYear
Other Revenue Current Year	2246752	OtherRevenueCurrentYear
Total Revenue Prior Year	83424728	TotalRevenuePriorYear
Total Revenue Current Year	84636284	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	1809466	BenefitsPaidToMembersCY
Salaries Etc Prior Year	522978	SalariesEtcPriorYear
Salaries Etc Current Year	549816	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	77473149	OtherExpensePriorYear
Other Expenses Current Year	76699917	OtherExpensesCurrentYear
Total Expenses Prior Year	77996127	TotalExpensesPriorYear
Total Expenses Current Year	79059199	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	5428601	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	5577085	RevenuesLessExpensesCY
Total Assets BOY	109503505	TotalAssetsBOY
Total Assets EOY	124078405	TotalAssetsEOY
Total Liabilities BOY	46114547	TotalLiabilitiesBOY
Total Liabilities EOY	55022873	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	63388958	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	69055532	NetAssetsOrFundBalancesEOY
Mission Description	MEMBER OWNED ELECTRIC COOPERATIVE.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	PROVISION OF ELECTRIC POWER TO MEMBERS.	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	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	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	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	17	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	111	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	81190914	GrossIncomeFromMembers
Gross Income Other Sources	2746865	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	true	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	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	TONY NETTLES	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	6016844011	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 747	AddressLine1
City	MCCOMB	City
State	MS	State
ZIP Code	39649	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (13 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Highest Compensated EmployeeHighestCompensatedEmployee	FormerFormer
HOLLIS ALFORD
PRESIDENT	8.30	X	X	7600	0	0
JOHN L MCCABE
SEC.-TREA.	9.10	X	X	7600	0	7221
ODELL MCKENZIE
DIRECTOR	11.10	X		7600	0	7221
CARL FULLER
DIRECTOR	9.90	X		7125	0	7221
DENNIS WILSON
VICE PRESIDE	9.20	X	X	7125	0	2963
SCOTT SMITH
DIRECTOR	9.20	X		7125	0	0
BRUCE MCCAFFERY
DIRECTOR	11.00	X		6650	0	7221
JERRY L SISCO
DIRECTOR	10.20	X		6650	0	7221
PAT ARD
DIRECTOR	9.70	X		6650	0	0
DARRELL SMITH
GENERAL MANA	60.00		X	183579	0	32276
TONY NETTLES
MANAGER-ADMI	40.00		X	77985	0	21178
AARON ACHORD
MANAGER-ENG	40.00			102839	0	24332	X
JEWELL SMITH-DECEASED
DIRECTOR EME	4.00			2850	0	1584		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	431378	TotalReportableCompFromOrg
Total Other Compensation	118438	TotalOtherCompensation
Number Individuals GT100 K	2	NumberIndividualsGT100K
Formers Listed	true	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
KINKO LLC
63226 COMMERCIAL STREET	ROSELAND	LA	70456	LINE CONSTRUCT.	1570591
WA KENDALL & COMPANY INC
PO BOX 831	LAWRENCEVILLE	GA	30046	RIGHT-OF WAY	1059386
PIKE ELECTRIC CORPORATION
PO BOX 1000	MEMPHIS	TN	381480517	LINE CONSTRUC	1021248
BARNES ROW
2100 SMITHBURG ROAD	OSYKA	MS	39657	RIGHT-OF WAY	979092
COMSOUTH
5211 HWY 42	HATTIESBURG	MS	39401	RIGHT-OF WAY	793036

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

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
MEMBERSHIP REVENUES	81190914	81190914
POLE RENTAL	698505		$698,505

Field	Value	IRS element (for citing)
Total Program Service Revenue	81889419	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	246504	TotalRevenueColumn
Exclusion	$246,504	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	283609	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	30000	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	253609	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	253609	TotalRevenueColumn
Related Or Exempt Function Income	253609	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
PATRONAGE CAPITAL CREDITS	2424257	2424257
PARADIGM LIQUIDATING TRUST	-1035		-$1,035
SCM BETA PARTNERSHIP I	-33643		-$33,643

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	-142827	TotalRevenueColumn
Exclusion	-$142,827	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	2246752	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	84636284	TotalRevenueColumn
Related Or Exempt Function Income	83868780	RelatedOrExemptFunctionIncome
Exclusion	$767,504	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	1809466	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	418211	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	131605	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	40854	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	26808	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	1069422	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	5140586	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
COST OF POWER	59246160
DISTRIBUTION - MAINTENANC	5472209
CONSUMER ACCOUNTS	2253087
DISTRIBUTION - OPERATIONS	1618066

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1832725	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	79059199	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	2238017	BOY
EOY	932277	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	4729711	BOY
EOY	6680879	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	3450056	BOY
EOY	7233512	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	818960	BOY
EOY	688189	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	190652	BOY
EOY	1837728	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	122998091	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	40354523	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	77027740	BOY
EOY	82643568	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	4155105	BOY
EOY	4057134	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	16893264	BOY
EOY	20005118	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	109503505	BOY
EOY	124078405	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	9606333	BOY
EOY	9812418	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	28473686	BOY
EOY	38102005	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	8034528	BOY
EOY	7108450	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	46114547	BOY
EOY	55022873	EOY

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

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	63388958	BOY
EOY	69055532	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	63388958	BOY
EOY	69055532	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	109503505	BOY
EOY	124078405	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	5577085	ReconcilationRevenueExpenses
Reconcilation Other Changes	89489	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

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

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	122998091	OtherCostOrOtherBasis
Depreciation	40354523	Depreciation
Book Value	82643568	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	82643568	TotalOfBookValueLandBuildings

Other Assets OtherAssets (2 entries)

DescriptionDescription	Book ValueBookValue
PATRONAGE CAPITAL	19265118
REDLEG NOTES RECEIVABLE	740000

Field	Value	IRS element (for citing)
Total Book Value Other Assets	20005118	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
POST RETIREMENT BENEFIT OBLIGATION	$6,128,700
DEFERRED CREDITS	$979,750

Field	Value	IRS element (for citing)
Total Of Amounts	7108450	TotalOfAmounts
Total Revenue	84636284	TotalRevenue
Total Expenses	79059199	TotalExpenses
Excess Or Deficit For Year	5577085	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-519915	NetUnrealizedGLOnInvestments
Other	$2,013,271	OtherAmount
Total Adjustments	1493356	TotalAdjustments
Excess Or Deficit Per FS	7070441	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	84293874	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-519915	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	-519915	RevenueNotRptdF990
Revenue Subtotal	84813789	RevenueSubtotal
Other Revenues Not Included	-177505	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	-177505	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	84636284	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	77223433	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	-26300	OtherExpensesIncluded
Expenses Not Rptd F990	-26300	ExpensesNotRptdF990
Expenses Subtotal	77249733	ExpensesSubtotal
Other Expenses Not Included	1809466	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	1809466	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	79059199	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	FLOW THROUGH LOSSES FROM PARTNERSHIPS 177,505 AMORTIZATION OF ACTUARIAL LOSSES 69,600 ACTUARIAL LOSSES -43,300 PATRONAGE DIVIDENDS PAID 1,809,466
REVENUE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 4B	FLOW THROUGH LOSSES FROM PARTNERSHIPS -177,505
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 2D	AMORTIZATION OF ACTUARIAL LOSSES -69,600 ACTUARIAL LOSSES 43,300
EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 4B	PATRONAGE DIVIDENDS PAID 1,809,466

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
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
DARRELL SMITH
183579	23619	8657	215855
JEWELL SMITH-DECEASED
2850	1584		4434

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
RELATED PARTY INFORMATION AMONG OFFICERS	FORM 990, PAGE 6, PART VI, LINE 2	JOHN MCCABE DENNIS WILSON OFFICER/DIR OFFICER/DIR BUSINESS RELATIONSHIP
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	YES. ORGANIZATION OPERATES AS COOPERATIVE.
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	ALL OF THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP.
DECISIONS SUBJECT TO APPROVAL OF MEMBERS	FORM 990, PAGE 6, PART VI, LINE 7B	AT THE ANNUAL MEETING, THE MEMBERSHIP RATIFIES THE DECISIONS OF THE BOARD.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE BOARD OF DIRECTORS REVIEW A DRAFT OF THE 990 PRIOR TO ITS SUBMISSION.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	ANNUALLY, THE BOARD OF DIRECTORS ARE ASKED TO DOCUMENT ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	BOARD OF DIRECTORS APPROVES THE GENERAL MANAGERS COMPENSATION.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. HOWEVER, THIS INFORMATION IS AVAILABLE TO THE MEMBERSHIP.