WIRE GRASS ELECTRIC COOPERATIVE INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WIRE GRASS ELECTRIC COOPERATIVE INC (EIN 63-0229728)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-08-02
- IRS object ID
- 201242159349300119
- 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 | 2012-08-02T10:41:30-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 631035228 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACKSON THORNTON & CO PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 96 | AddressLine1 |
| City | MONTGOMERY | City |
| State | AL | State |
| ZIP Code | 361010096 | 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 | 630229728 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wiregrass Electric Cooperative | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WIRE | NameControl |
| Phone | 3345882223 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 158 | AddressLine1 |
| City | Hartford | City |
| State | AL | State |
| ZIP Code | 363440158 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Leslie Moreland | Name |
| Title | Chief Financial Officer | Title |
| Phone | 3345882223 | Phone |
| Date Signed | 2012-07-30 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PATRICK COOPER | Name |
| PTIN | P00856177 | PTIN |
| Phone | 3348347660 | Phone |
| Date Prepared | 2012-07-30 | 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 | Michael S McWaters | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 158 | AddressLine1 |
| City | Hartford | City |
| State | AL | State |
| ZIP Code | 363440158 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 49749924 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.wiregrass.coop | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1939 | YearFormation |
| State Legal Domicile | AL | StateLegalDomicile |
| Activity Or Mission Description | To provide electric utility service to cooperative members. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 67 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 110654 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -2153 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 50429126 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 49074865 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 211245 | InvestmentIncomePriorYear |
| Investment Income Current Year | 342917 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 372110 | OtherRevenuePriorYear |
| Other Revenue Current Year | 332142 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 51012481 | TotalRevenuePriorYear |
| Total Revenue Current Year | 49749924 | 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 | 4926587 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 561213 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 580446 | 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 | 45477418 | OtherExpensePriorYear |
| Other Expenses Current Year | 44242891 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 46038631 | TotalExpensesPriorYear |
| Total Expenses Current Year | 49749924 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 4973850 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 0 | RevenuesLessExpensesCY |
| Total Assets BOY | 91664402 | TotalAssetsBOY |
| Total Assets EOY | 91678118 | TotalAssetsEOY |
| Total Liabilities BOY | 47584044 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 42923636 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 44080358 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 48754482 | NetAssetsOrFundBalancesEOY |
| Mission Description | Wiregrass Electric Cooperative is a distribution cooperative, providing electricity to its members at cost. Margins are assigned to members each year and returned in the form of capital credit retirements as the cooperative is financially able. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | Utilizing approximately 3,225 miles of electric distribution lines, Wiregrass Electric Cooperative provided 382,693,034 Kilowatt hours of electric energy to over 16,100 consumer-members in Houston and Geneva Counties in Alabama and parts of Dale, Coffee and Covington Counties. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| 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 | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | 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 | 35 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 67 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| 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 | 47531006 | GrossIncomeFromMembers |
| Gross Income Other Sources | 1997430 | 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 |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lisa Lenoir | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3349447127 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 509 N State Hwy 167 | AddressLine1 |
| City | Hartford | City |
| State | AL | State |
| ZIP Code | 36344 | 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 |
|---|---|---|---|---|---|---|
| Donald Ray Wilks | ||||||
| Trustee-President | 8.00 | X | 10400 | 0 | 0 | |
| Ford Justice | ||||||
| Trustee-Vice President | 9.00 | X | 10400 | 0 | 0 | |
| Debra Baxley | ||||||
| Trustee-Secretary | 4.00 | X | 10400 | 0 | 0 | |
| Nolan Laird | ||||||
| Trustee | 8.00 | X | 10400 | 0 | 0 | |
| John Clark Jr | ||||||
| Trustee | 6.00 | X | 10400 | 0 | 0 | |
| Gregory McCullough | ||||||
| Trustee | 5.00 | X | 10400 | 0 | 0 | |
| Tracy Reeder | ||||||
| Trustee | 6.00 | X | 10400 | 0 | 0 | |
| Donna Parrish | ||||||
| Trustee | 6.00 | X | 10400 | 0 | 0 | |
| Danny B McNeil | ||||||
| Trustee | 5.00 | X | 10400 | 0 | 0 | |
| Michael S McWaters | ||||||
| Chief Executive Officer | 50.00 | 140978 | 0 | 51285 | X | |
| Leslie Moreland | ||||||
| Chief Financial Officer | 45.00 | 109904 | 0 | 43017 | X | |
| Danny Ealum | ||||||
| Director of System Operations | 45.00 | 100687 | 0 | 40975 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 445169 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 135277 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Providence Tree Service Inc | |||||
| 12044 US Highway 129 South | Live Oak | FL | 32060 | Right of Way | 417316 |
| Musgrove Construction Inc | |||||
| 8708 US Highway 90 | Live Oak | FL | 32060 | Work plan | 200413 |
| Osmose Utilities Services Inc | |||||
| PO Box 8000 | Buffalo | NY | 14267 | Pole inspections/treating | 158624 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Sales of Electricity | 221000 | 47531006 | 47531006 |
| Patronage Capital | 221000 | 1543859 | 1543859 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 49074865 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 342917 | TotalRevenueColumn |
| Exclusion | $342,917 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 221488 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 221488 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 221488 | TotalRevenueColumn |
| Exclusion | $221,488 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Sanitation Billing Fee | Description |
| Business Code | 561000 | BusinessCode |
| Total Revenue Column | 110654 | TotalRevenueColumn |
| Unrelated Business Revenue | 110654 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 110654 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 49749924 | TotalRevenueColumn |
| Related Or Exempt Function Income | 49074865 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 110654 | UnrelatedBusinessRevenue |
| Exclusion | $564,405 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4926587 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 580446 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1771375 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2421499 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 32047882 |
| CUSTOMER ACCOUNTS EXP | 1956850 |
| DIST EXP - OPERATIONS | 1900910 |
| DIST EXP - MAINTENANCE | 1822894 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2321481 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49749924 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8591565 | BOY |
| EOY | 3302656 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5765176 | BOY |
| EOY | 7265263 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5116749 | BOY |
| EOY | 4707592 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 424288 | BOY |
| EOY | 341263 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 136432 | BOY |
| EOY | 196850 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 80240809 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 17830565 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59497020 | BOY |
| EOY | 62410244 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12600 | BOY |
| EOY | 100 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12120572 | BOY |
| EOY | 13454150 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91664402 | BOY |
| EOY | 91678118 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5374837 | BOY |
| EOY | 4814487 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40421938 | BOY |
| EOY | 36144402 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1787269 | BOY |
| EOY | 1964747 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47584044 | BOY |
| EOY | 42923636 | 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 | 81161 | BOY |
| EOY | 81966 | 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 | 43999197 | BOY |
| EOY | 48672516 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44080358 | BOY |
| EOY | 48754482 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91664402 | BOY |
| EOY | 91678118 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 0 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 4674124 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 213554 | OtherCostOrOtherBasis |
| Book Value | 213554 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5899868 | OtherCostOrOtherBasis |
| Depreciation | 843490 | Depreciation |
| Book Value | 5056378 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 74127387 | OtherCostOrOtherBasis |
| Depreciation | 16987075 | Depreciation |
| Book Value | 57140312 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 62410244 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (6 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Investments in economic development projects | 241574 | C |
| Patronage Capital - PowerSouth Energy Cooperative | 11199861 | C |
| Patronage Capital - Other Associated Organizations | 823278 | C |
| Other Investments in Associated Organizations | 2000 | C |
| Capital Term Certificates | 1187133 | C |
| Special Funds | 304 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 13454150 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Consumer deposits | Description |
| Amount | $1,964,747 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1964747 | TotalOfAmounts |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Michael S McWaters | |||||||||||||
| 140978 | 0 | 0 | 0 | 0 | 0 | 36807 | 0 | 14478 | 0 | 192263 | 0 | 0 | 0 |
| Leslie Moreland | |||||||||||||
| 109904 | 0 | 0 | 0 | 0 | 0 | 28894 | 0 | 14123 | 0 | 152921 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 6 | Wiregrass Electric Cooperative is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the cooperative's bylaws. | |
| Form 990, Part VI, Section A, line 7a | At each annual meeting, trustees are elected by the cooperative membership to succeed those whose terms have expired. | |
| Form 990, Part VI, Section A, line 7b | The membership must approve decisions that involve substantial transfers of cooperative assets, amendments to the cooperative's bylaws, as well as other decisions requiring approval of the membership by law, the articles of incorporation, and/or the cooperative's bylaws. | |
| Form 990, Part VI, Section B, line 11 | The Form 990 was reviewed by management and the accounting staff at Wiregrass Electric Cooperative before it was provided to the trustees. An electronic or paper copy of the Form 990 was then provided to the trustees at their monthly meeting prior to filing the form with the Internal Revenue Service. | |
| Form 990, Part VI, Section B, line 12c | Once per year, each trustee and key management employee receives a questionnaire to be completed and returned regarding this policy. The chief executive officer ensures that every questionnaire is returned and reviewed every year. If a conflict of interest were to appear, he would address it or bring it to the board to be addressed, depending on the situation. | |
| Form 990, Part VI, Section B, line 15 | The board uses annual compensation surveys and studies from the National Rural Electric Cooperative Association to evaluate the CEO's pay. The NRECA surveys more than 800 electric distribution cooperatives each year and publishes the results. The Alabama Rural Electric Association also distributes a wage and salary survey that is used in the evaluation process. The board also reviews salary of other cooperatives in our area for CEO positions. The entire board reviews the information, deliberates, takes a recorded vote and then delegates to the CFO to implement any approved compensation changes for the CEO. The positions of all other employees are graded based on knowledge, skill and ability needed to perform the job. The co-op utilizes a professional wage consultant who helps design, monitor and manage a large number of wage and salary plans for distribution cooperatives throughout the country. In the most recently updated plan the non-union positions graded into 17 pay grades, based on the job, not the person in the job. The union positions are all defined and graded through a negotiation process with union representatives. Union negotiations occur every five years. The consultant obtains updated wage survey data for each pay grade/position (union and non-union) through NRECA, the various state association surveys, and other published state surveys in Alabama. For non-union employees, each position has a minimum, midpoint and maximum. When a person has the experience, knowledge, skill and ability and soft skills to fully perform the duties of a position, the overall goal is for that person to be at or near the midpoint in the scale. The pay scales are updated annually prior to annual employee evaluations. Each non-union employee is individually evaluated by their supervisor using a template that includes comments on strengths and weakness as well any need for improvement. Based on these written evaluations (merit based), and the supervisors consultation with the CEO, pay adjustments are made annually (within the board approved budget) to move each employee incrementally in the direction of the mid-point of the scale. Union employees are also evaluated annually by their supervisors. Union employees receive step pay increases periodically for up to 6 years when they fill a union position. As they demonstrate the knowledge, skill and ability to perform the position, the step pay increase moves their pay incrementally to the contract level for that job. Cost of living pay adjustments are also made annually for union employees based on the most recently approved contract with the union (within the board approved budget). | |
| Form 990, Part VI, Section C, line 19 | These documents are available upon request at the cooperative's main office in Hartford, Alabama. Also, the governing documents are posted on the company's website- www.wiregrass.coop | |
| Form 990, Part IX, Line 4 | The instructions to the 2011 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. Wiregrass Electric Cooperative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Wiregrass Electric Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2011. | |
| Form 990, Part XI, line 5: | Change in Memberships 805. Retirement of Capital Credits -351,315. Gain on Retirement of Capital Credits 50,873. Utility Tax Refunds 47,174. Assignment of net margins to members 4,926,587. Total to Form 990, Part XI, Line 5: 4,674,124. | Changes in Net Assets or Fund Balances: |
| Form 990, Part XII, Line 2 | Wiregrass Electric Cooperative's financial statement year end differs from its tax year end. The cooperative receives audited financial statements on an annual basis for the year ended April 30th. |