SOUTHERN IOWA ELECTRIC COOPERATIVE INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- SOUTHERN IOWA ELECTRIC COOPERATIVE INC (EIN 42-0536190)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-06-04
- IRS object ID
- 201241569349300319
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-06-04T13:10:12-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410746749 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 217 | AddressLine1 |
| City | AUSTIN | City |
| State | MN | State |
| ZIP Code | 55912 | 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 | 420536190 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHERN IOWA ELECTRIC COOPERATIVE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SOUT | NameControl |
| Phone | 6416642277 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 70 | AddressLine1 |
| City | BLOOMFIELD | City |
| State | IA | State |
| ZIP Code | 52537 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARK AEILTS | Name |
| Title | MANAGER | Title |
| Phone | 6416642277 | Phone |
| Date Signed | 2012-05-04 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DEAN ROHNE | Name |
| PTIN | P00625086 | PTIN |
| Phone | 5074347000 | 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 | MARK AEILTS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 70 | AddressLine1 |
| City | BLOOMFIELD | City |
| State | IA | State |
| ZIP Code | 52537 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 12994200 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.SIE.COOP | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1939 | YearFormation |
| State Legal Domicile | IA | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE ELECTRICITY TO RURAL COMMUNITIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 27 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12451119 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12457825 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 98521 | InvestmentIncomePriorYear |
| Investment Income Current Year | 103079 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 474272 | OtherRevenuePriorYear |
| Other Revenue Current Year | 408654 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 13023912 | TotalRevenuePriorYear |
| Total Revenue Current Year | 12969558 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 801664 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 316867 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 369482 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 10819911 | OtherExpensePriorYear |
| Other Expenses Current Year | 11115514 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 11136778 | TotalExpensesPriorYear |
| Total Expenses Current Year | 12286660 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1887134 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 682898 | RevenuesLessExpensesCY |
| Total Assets BOY | 38672494 | TotalAssetsBOY |
| Total Assets EOY | 40866154 | TotalAssetsEOY |
| Total Liabilities BOY | 24524566 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 25562349 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 14147928 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 15303805 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | OUR MISSION IS TO SERVE OUR MEMBERS AND COMMUNITY. WE WILL ACCOMPLISH OUR MISSION BY PROVIDING SAFE, RELIABLE AND ENVIRONMENTALLY RESPONSIBLE POWER AND OTHER SERVICES, EFFICIENTLY AND AT A COMPETITIVE PRICE TO BENEFIT MEMBERS AND IMPORVE THE QUALITY OF LIFE IN THE AREAS THAT WE SERVE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | SALE ELECTRICITY - TO PROVIDE ELECTRIC ENERGY AND SERVICES TO APPROXIMATELY 4,659 METERS. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 22 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 27 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Gross Income From Members | 12561192 | GrossIncomeFromMembers |
| Gross Income Other Sources | 536545 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | 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 | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TAMI WEILBRENNER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6416642277 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22458 HIGHWAY 2 | AddressLine1 |
| City | BLOOMFIELD | City |
| State | IA | State |
| ZIP Code | 52537 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| 91315 | ||||||
| DIRECTOR | 2.00 | X | 3420 | 0 | 0 | |
| JOY EVANS | ||||||
| SECRETARY | 2.00 | X | 3260 | 0 | 0 | |
| DON WHITE | ||||||
| DIRECTOR | 2.00 | X | 3585 | 0 | 0 | |
| FRED ZEITLER | ||||||
| DIRECTOR | 1.00 | X | 2605 | 0 | 0 | |
| TRENT GREGORY | ||||||
| DIRECTOR | 2.00 | X | 2920 | 0 | 0 | |
| DAVID HOPKINS | ||||||
| VICE PRESIDENT | 1.00 | X | 2930 | 0 | 0 | |
| PAUL WELLS | ||||||
| DIRECTOR | 4.00 | X | 4880 | 0 | 0 | |
| DARRELL DOWNING | ||||||
| PRESIDENT | 2.00 | X | 3750 | 0 | 0 | |
| DAVE YAHNKE | ||||||
| TREASURER | 2.00 | X | 2440 | 0 | 0 | |
| MARK AEILTS | ||||||
| CEO | 50.00 | 159526 | 0 | 67559 | X | |
| TAMARA WEILBRENNER | ||||||
| CFO | 45.00 | 88851 | 0 | 23756 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 278167 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 91315 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ASPLUNDH TREE EXPERT CO | |||||
| 1700 SOLUTIONS CENTER | CHICAGO | IL | 60677 | RIGHT OF WAY MAINTENANCE | 459841 |
| RESCO | |||||
| PO BOX 684141 | MILWAUKEE | WI | 53268 | MATERIAL SUPPLIER | 419949 |
| TOM'S TREE SERVICE | |||||
| 1313 S MAIN ST | ALBIA | IA | 52531 | RIGHT OF WAY MAINTENANCE | 346395 |
| FLETCHER-REINHARD | |||||
| PO BOX 500653 | ST LOUIS | MO | 63150 | MATERIAL SUPPLIER | 127198 |
| IOWA ASSOC OF ELECTRIC CO-OPS | |||||
| 825 DOUGLAS SUITE 48 | DES MONIES | IA | 50322 | DUES/EDUCATION/SAFETY TRAINING | 119221 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SALE OF POWER | Description |
| Business Code | 221000 | BusinessCode |
| Total Revenue Column | 12457825 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12457825 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12457825 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 101374 | TotalRevenueColumn |
| Exclusion | $101,374 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1705 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1705 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1705 | TotalRevenueColumn |
| Exclusion | $1,705 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 21029 | GrossSalesOfInventory |
| Cost Of Goods Sold | 24642 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -3613 | TotalRevenueColumn |
| Related Or Exempt Function Income | -3613 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CAPITAL CREDITS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 412267 | TotalRevenueColumn |
| Related Or Exempt Function Income | 412267 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 412267 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12969558 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12866479 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $103,079 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 801664 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 369482 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1079545 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 955248 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 6749663 |
| DISTRIBUTION EXPENSE - | 736494 |
| ADMINISTRATIVE & GENERA | 623736 |
| DISTRIBUTION EXPENSE - | 558189 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 412639 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12286660 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 453073 | BOY |
| EOY | 1088539 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1387307 | BOY |
| EOY | 1270520 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 764541 | BOY |
| EOY | 781704 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 278256 | BOY |
| EOY | 263286 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 801323 | BOY |
| EOY | 1040698 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 37992715 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 6944393 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29908501 | BOY |
| EOY | 31048322 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57532 | BOY |
| EOY | 62532 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4951556 | BOY |
| EOY | 5225033 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18130 | BOY |
| EOY | 18130 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52275 | BOY |
| EOY | 67390 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38672494 | BOY |
| EOY | 40866154 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1323442 | BOY |
| EOY | 1372801 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22994733 | BOY |
| EOY | 24031908 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 206391 | BOY |
| EOY | 157640 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24524566 | BOY |
| EOY | 25562349 | 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 | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14147928 | BOY |
| EOY | 15303805 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14147928 | BOY |
| EOY | 15303805 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38672494 | BOY |
| EOY | 40866154 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 682898 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 472979 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 161644 | OtherCostOrOtherBasis |
| Book Value | 161644 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5653712 | OtherCostOrOtherBasis |
| Depreciation | 399651 | Depreciation |
| Book Value | 5254061 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2510539 | OtherCostOrOtherBasis |
| Depreciation | 1181829 | Depreciation |
| Book Value | 1328710 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 29666820 | OtherCostOrOtherBasis |
| Depreciation | 5362913 | Depreciation |
| Book Value | 24303907 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 31048322 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (7 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| NEMO CAPITAL CREDITS | 4172320 | C |
| CFC CAPITAL CREDIT | 82575 | C |
| CITIZENS MUTUAL TELEPHONE | 45802 | C |
| NRTC CAPITAL CREDIT | 4039 | C |
| RURAL ELECTRIC SUPPLY | 69762 | C |
| CAPITAL TERM CERTIFICATES | 749742 | C |
| MEMBERSHIPS AND OTHER INVESTMENTS | 100793 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 5225033 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CONSUMER DEPOSITS | $128,507 |
| PATRONAGE CAPITAL PAYABLE | $2,624 |
| DEFERRED CREDITS | $26,509 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 157640 | TotalOfAmounts |
| Total Revenue | 12969558 | TotalRevenue |
| Total Expenses | 12286660 | TotalExpenses |
| Excess Or Deficit For Year | 682898 | ExcessOrDeficitForYear |
| Other | $472,979 | OtherAmount |
| Total Adjustments | 472979 | TotalAdjustments |
| Excess Or Deficit Per FS | 1155877 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 12969558 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 12969558 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 12969558 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 11484996 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 11484996 | ExpensesSubtotal |
| Other Expenses Not Included | 801664 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 801664 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 12286660 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED AT DECEMBER 31, 2011 AND 2010. THE COOPERATIVE ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009. AS A RESULT OF IMPLEMENTATION, THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2011 AND 2010. THE COOPERATIVE'S 2008, 2008 AND 2010 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CAPITAL CREDITS RETIRED -356,456. CITY OF BLOOMFIELD CAPITAL CREDITS 21,433. ESTATE PAYOUTS 6,338. EDUCATION/ECONOMIC DEVELOPMENT EXPENSES -5,975. UNCLAIMED PROPERTY 5,975. PATRONAGE DIVIDENDS PAID 801,664. TOTAL TO SCHEDULE D, PART XI, LINE 8: 472,979. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDEND PAID |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARK AEILTS | NamePerson |
| Base Compensation Filing Org | 146574 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 12952 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 67559 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 227085 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | EACH CUSTOMER IS A MEMBER OF THE ELECTRIC COOPERATIVE AND HAS VOTING RIGHTS AT THE ANNUAL MEETING. | |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH CUSTOMER IS A MEMBER OF THE COOPERATIVE AND HAS VOTING RIGHTS AT THE ANNUAL MEETING. EACH MEMBER HAS 1 VOTE. | |
| FORM 990, PART VI, SECTION A, LINE 7B | CHANGES TO THE ARTICLES OF INCORPORATION MUST BE VOTED ON BY THE MEMBERS, ELECTING DIRECTORS IS VOTED ON BY THE MEMBERS, AND SELLING THE COOPERATIVE HAS TO BE VOTED ON BY THE MEMBERS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE MANAGER WILL REVIEW THE 990 BEFORE IT IS FILED, HE WILL THEN CONDUCT A REVIEW WITH THE BOARD. | |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED BY ALL EMPLOYEES AND DIRECTORS BEFORE THEY ARE ELECTED OR HIRED BY THE COOPERATIVE TO MAKE SURE THERE ARE NO CONFLICTS. THE POLICY IS THEN MONITORED ON AN ANNUAL BASIS AND ALL DIRECTORS AND MANAGEMENT ARE REQUIRED TO COMPLETE A NEW CONFLICT QUESTIONNAIRE ANNUALLY. THE MANGER IS RESPONSIBLE FOR CONDUCTING THE REVIEWS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD EVALUATES THE CEO PERFORMANCE AND LOOKS AT INDUSTRY STANDARDS FOR OTHER COOPERATIVES OF LIKE SIZE FOR A COMPARABLE SALARY RANGE. THE CFO IS EVALUATED ON AN ANNUAL BASIS USING THE NRECA ANNUAL COMPENSATION STUDY AS A GUIDELINE. THE CEO IS RESPONSIBLE FOR GIVING PAY ADJUSTMENTS, BUT THE BOARD APPROVES A SALARY RANGE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | CAPITAL CREDITS RETIRED -356,456. CITY OF BLOOMFIELD CAPITAL CREDITS 21,433. ESTATE PAYOUTS 6,338. EDUCATION/ECONOMIC DEVELOPMENT EXPENSES -5,975. UNCLAIMED PROPERTY 5,975. PATRONAGE DIVIDENDS PAID 801,664. TOTAL TO FORM 990, PART XI, LINE 5: 472,979. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XI, LINE 2C | THE COOPERATIVE'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. | |
| FORM 990, PART IX, LINE 4 | THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI, ON PAGE 12 OF THE FORM 990 AND IN PARTS XI AND XIII ON SCHEDULE D. |