GLADES ELECTRIC COOPERATIVE INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- GLADES ELECTRIC COOPERATIVE INC (EIN 59-0538145)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-08-13
- IRS object ID
- 201242269349300009
- 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 | 2012-08-13T08:17:45-05:00 | 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 | 590538145 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GLADES ELECTRIC COOPERATIVE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GLAD | NameControl |
| Phone | 8002264024 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 519 | AddressLine1 |
| City | MOORE HAVEN | City |
| State | FL | State |
| ZIP Code | 33471 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JEFFERY R BREWINGTON | Name |
| Title | GENERAL MANAGER & CEO | Title |
| Phone | 8002264024 | 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 | JEFFERY R BREWINGTON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 519 | AddressLine1 |
| City | MOORE HAVEN | City |
| State | FL | State |
| ZIP Code | 33471 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 47823172 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.GLADESEC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1945 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE ELECTRIC UTILITY SERVICE TO THE COOPERATIVE'S MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 76 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 39126 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 38126 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 47950513 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 42160559 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 160517 | InvestmentIncomePriorYear |
| Investment Income Current Year | 167551 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -326798 | OtherRevenuePriorYear |
| Other Revenue Current Year | -3080789 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 47784232 | TotalRevenuePriorYear |
| Total Revenue Current Year | 39247321 | 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 | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 567057 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 988835 | 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 | 45980666 | OtherExpensePriorYear |
| Other Expenses Current Year | 44771514 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 46547723 | TotalExpensesPriorYear |
| Total Expenses Current Year | 45760349 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1236509 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -6513028 | RevenuesLessExpensesCY |
| Total Assets BOY | 116270974 | TotalAssetsBOY |
| Total Assets EOY | 111487968 | TotalAssetsEOY |
| Total Liabilities BOY | 87032805 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 88972771 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 29238169 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 22515197 | NetAssetsOrFundBalancesEOY |
| Mission Description | GLADES ELECTRIC COOPERATIVE IS A MEMBER-OWNED ORGANIZATION BUILT ON INTEGRITY WITH A PHILOSOPHY OF CONTINUOUS IMPROVEMENT THROUGH TEAMWORK THAT DELIVERS QUALITY SERVICES AT COMPETITIVE PRICES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | UTILIZING 2,620 MILES OF ELECTRIC DISTRIBUTION AND TRANSMISSION LINES, GLADES ELECTRIC COOPERATIVE, INC. PROVIDED 318,345,774 KILOWATT-HOURS OF ELECTRIC ENERGY TO APPROXIMATELY 15,991 RESIDENTIAL, COMMERCIAL AND INDUSTRIAL ACCOUNTS LOCATED IN SOUTH FLORIDA. | 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 | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | 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 | 1 | 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 | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 32 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 76 | 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 | 41416504 | GrossIncomeFromMembers |
| Gross Income Other Sources | 970438 | 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 | 8 | 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 | JENNIFER MANNING | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8639466214 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1190 HWY 27 | AddressLine1 |
| City | MOORE HAVEN | City |
| State | FL | State |
| ZIP Code | 33471 | 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 | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| JOHN R COXE | |||||||
| DIRECTOR/PRESIDENT | 1.50 | X | 18250 | 0 | 0 | ||
| SHANNON L HALL | |||||||
| DIRECTOR/VICE PRESIDENT | 1.50 | X | 16000 | 0 | 0 | ||
| CHESTER RUSSELL HENDERSON | |||||||
| DIRECTOR/SEC/TREASURER | 1.50 | X | 15500 | 0 | 0 | ||
| LADD BASS | |||||||
| DIRECTOR | 1.50 | X | 9180 | 0 | 0 | ||
| LEE HENDERSON | |||||||
| DIRECTOR | 1.50 | X | 16500 | 0 | 0 | ||
| IRENE LOFTON | |||||||
| DIRECTOR | 1.50 | X | 6750 | 0 | 0 | ||
| JAMES S AUL | |||||||
| DIRECTOR | 1.50 | X | 11000 | 0 | 0 | ||
| BARNEY F GOODMAN | |||||||
| DIRECTOR | 1.50 | X | 15500 | 0 | 0 | ||
| ROY D LUNDY JR | |||||||
| DIRECTOR | 1.50 | X | 10500 | 0 | 0 | ||
| LAWRENCE T TODD | |||||||
| GENERAL MANAGER & CEO | 60.00 | 495722 | 0 | 117861 | X | ||
| JEFFERY R BREWINGTON | |||||||
| GENERAL MANAGER & CEO | 60.00 | 214534 | 0 | 41508 | X | ||
| JODY DOTSON | |||||||
| MANAGER OF POWER SUPPLY | 60.00 | 204635 | 0 | 34792 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1034071 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 194161 | 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 (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| GLADES UTILITY SERVICES INC | |||||
| 411 STATE ROAD 70 EAST | LAKE PLACID | FL | 33852 | ELECTRIC LINE CONSTRUCTION | 1712532 |
| LEWIS TREE SERVICE INC | |||||
| PO BOX 8000 | BUFFALO | NY | 14267 | RIGHT OF WAY CLEARING | 487787 |
| MONTZ BUILDERS INC | |||||
| PO BOX 2091 | LAKE PLACID | FL | 33862 | CONSTRUCTION | 269042 |
| DALYN REAL ESTATE | |||||
| 2786 DUFFER ROAD | SEBRING | FL | 33872 | SITE PREPARATION | 250155 |
| MCLEAN ENGINEERING CO INC | |||||
| PO BOX 2587 | MOULTRIE | GA | 31776 | ENGINEERING CONSULTANT | 237861 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| SALES OF ELECTRICITY | 221000 | 41416504 | 41416504 |
| PATRONAGE CAPITAL | 221000 | 744055 | 744055 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 42160559 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 102382 | TotalRevenueColumn |
| Unrelated Business Revenue | 15526 | UnrelatedBusinessRevenue |
| Exclusion | $86,856 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 23600 | Real |
| Personal | 101892 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 23600 | Real |
| Personal | 101892 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 125492 | TotalRevenueColumn |
| Unrelated Business Revenue | 23600 | UnrelatedBusinessRevenue |
| Exclusion | $101,892 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8636232 | Securities |
| Other | 4788 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8540881 | Securities |
| Other | 34970 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 95351 | Securities |
| Other | -30182 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 65169 | TotalRevenueColumn |
| Exclusion | $65,169 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 262 | GrossSalesOfInventory |
| Cost Of Goods Sold | 0 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 262 | TotalRevenueColumn |
| Related Or Exempt Function Income | 262 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| NON-OPERATING INCOME | 221000 | -28920 | -28920 |
| LOSS OF SUBSIDIARY | 221000 | -3177623 | -3177623 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | -3206543 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39247321 | TotalRevenueColumn |
| Related Or Exempt Function Income | 38954278 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 39126 | UnrelatedBusinessRevenue |
| Exclusion | $253,917 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 988835 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3069050 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3206555 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 25065670 |
| DIST EXP - OPERATIONS | 4864159 |
| ADMIN & GENERAL EXP | 3677512 |
| DIST EXP - MAINTENANCE | 1679543 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3209025 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45760349 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 543430 | BOY |
| EOY | 707287 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 119962 | BOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6762204 | BOY |
| EOY | 5138567 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2594490 | BOY |
| EOY | 2587214 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 748009 | BOY |
| EOY | 1403823 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 114406090 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 19989389 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91982864 | BOY |
| EOY | 94416701 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2154683 | BOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2467633 | BOY |
| EOY | -709989 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7471863 | BOY |
| EOY | 7944365 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1425836 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 116270974 | BOY |
| EOY | 111487968 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4526318 | BOY |
| EOY | 4775362 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 281670 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67862521 | BOY |
| EOY | 78293704 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14643966 | BOY |
| EOY | 5622035 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 87032805 | BOY |
| EOY | 88972771 | 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 | 29238169 | BOY |
| EOY | 22515197 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29238169 | BOY |
| EOY | 22515197 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 116270974 | BOY |
| EOY | 111487968 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -6513028 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -209944 | 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 Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1959818 | OtherCostOrOtherBasis |
| Book Value | 1959818 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3962077 | OtherCostOrOtherBasis |
| Depreciation | 2707567 | Depreciation |
| Book Value | 1254510 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 108484195 | OtherCostOrOtherBasis |
| Depreciation | 17281822 | Depreciation |
| Book Value | 91202373 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 94416701 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (7 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| PATRONAGE CAPITAL - SEMINOLE ELECTRIC COOPERATIVE | 5065708 | C |
| PATRONAGE CAPITAL - CFC | 246665 | C |
| PATRONAGE CAPITAL - GRESCO | 1056196 | C |
| PATRONAGE CAPITAL - FEDERATED INSURANCE EXCHANGE | 276194 | C |
| PATRONAGE CAPITAL - COBANK | 381653 | C |
| INVESTMENTS IN ASSOCIATED ORGANIZATIONS - OTHER | 74198 | C |
| CAPITAL TERM CERTIFICATES | 843751 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 7944365 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CUSTOMER DEPOSITS | $2,299,472 |
| CAPITAL LEASE OBLIGATIONS | $1,142,563 |
| LINE OF CREDIT | $2,180,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5622035 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | INCOME TAXES AND DEFERRED TAXES - THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(12). FOR FEDERAL AND FLORIDA STATE INCOME TAX PURPOSES, GUS AND GEI ARE INCLUDED IN THE COMPANY'S CONSOLIDATED TAX RETURNS. DEFERRED TAXES ARE PROVIDED ON A LIABILITY METHOD WHEREBY DEFERRED TAX ASSETS ARE RECOGNIZED FOR DEDUCTIBLE TEMPORARY DIFFERENCES AND OPERATING LOSSES, AND TAX CREDIT CARRYFORWARDS AND DEFERRED TAX LIABILITIES ARE RECOGNIZED FOR TAXABLE TEMPORARY DIFFERENCES. TEMPORARY DIFFERENCES ARE THE DIFFERENCES BETWEEN THE REPORTED AMOUNTS OF ASSETS AND LIABILITIES AND THEIR TAX BASES. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF THE DEFERRED TAX ASSETS WILL NOT BE REALIZED. DEFERRED TAX ASSETS AND LIABILITIES ARE ADJUSTED FOR THE EFFECTS OF CHANGES IN TAX LAWS AND RATES ON THE DATE OF ENACTMENT. MANAGEMENT EVALUATED THE COOPERATIVE'S TAX POSITIONS AND CONCLUDED THAT THE COOPERATIVE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE COOPERATIVE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE UNITED STATES FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2008. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LAWRENCE T TODD | |||||||||||||
| 240049 | 0 | 0 | 0 | 255673 | 0 | 102844 | 0 | 15017 | 0 | 613583 | 0 | 127175 | 0 |
| JEFFERY R BREWINGTON | |||||||||||||
| 152145 | 0 | 50000 | 0 | 12389 | 0 | 29274 | 0 | 12234 | 0 | 256042 | 0 | 0 | 0 |
| JODY DOTSON | |||||||||||||
| 102430 | 0 | 0 | 0 | 102205 | 0 | 19242 | 0 | 15550 | 0 | 239427 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1B | GROSS-UPS HAVE BEEN MADE PER THE GENERAL MANAGER AS PER HIS CONTRACT. |
| PART I, LINE 4B | LAWRENCE T. TODD - $58,495 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| SEMINOLE ELECTRIC COOPERATIVE INC (SEC) | |||
| BUSINESS RELATIONSHIP | 20000800 | SEMINOLE ELECTRIC COOPERATIVE, INC. IS THE WHOLESALE POWER PROVIDER FROM WHICH GLADES ELECTRIC COOPERATIVE, INC. PURCHASES ITS POWER. GLADES ELECTRIC COOPERATIVE, INC. IS ALSO A COOPERATIVE MEMBER OF SEMINOLE ELECTRIC COOPERATIVE, INC. THE BOARD OF SEMINOLE ELECTRIC COOPERATIVE, INC. IS COMPRISED OF THE MANAGER AND ONE BOARD MEMBER FROM EACH OF THE MEMBER ELECTRIC DISTRIBUTION COOPERATIVES. CURRENTLY, LAWRENCE TODD, GENERAL MANAGER & CEO, AND JAMES AUL, TRUSTEE, SERVE AS REPRESENTATIVES FROM GLADES ELECTRIC COOPERATIVE,INC. TO THE SEMINOLE ELECTRIC COOPERATIVE, INC. BOARD OF DIRECTORS. ALTHOUGH IT IS ROUTINE FOR BOARD MEMBERS OF ELECTRIC DISTRIBUTION COOPERATIVES TO SERVE AS REPRESENTATIVES ON THE BOARDS OF ELECTRIC TRANSMISSION COOPERATIVES, FOR PURPOSES OF THE FORM 990 AND ITS INSTRUCTIONS, JAMES AUL IS NOT CONSIDERED INDEPENDENT. | 0 |
| GRESCO INC | |||
| BUSINESS RELATIONSHIP | 1821981 | GRESCO IS A SUPPLIER FROM WHICH GLADES ELECTRIC COOPERATIVE, INC. PURCHASES SOME OF ITS ELECTRICAL EQUIPMENT. GLADES ELECTRIC COOPERATIVE, INC. IS ALSO A COOPERATIVE MEMBER OF GRESCO, INC. CURRENTLY, THE GENERAL MANAGER & CEO SERVES AS GLADES ELECTRIC COOPERATIVE'S REPRESENTATIVE TO THE GRESCO, INC. BOARD OF DIRECTORS. | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ALL PEOPLE OR ENTITIES WHO PURCHASE ENERGY FROM GLADES ELECTRIC COOPERATIVE, INC. ARE MEMBERS OF THE ORGANIZATION. MARGINS ARE ALLOCATED TO MEMBERS' ACCOUNTS BASED ON USEAGE. ALL MEMBERS HAVE A SINGLE VOTE REGARDING ELECTION OF THE GOVERNING BODY AND ANY BYLAWS OF THE COOPERATIVE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF GLADES ELECTRIC COOPERATIVE, INC. MAY ELECT MEMBERS OF THE GOVERNING BODY AT THE ANNUAL MEETING. EACH YEAR, AN ANNUAL MEETING IS HELD AT WHICH THE MEMBERSHIP VOTES TO ELECT THREE TRUSTEES FOR A THREE YEAR TERM. | |
| 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 COMPLETED 2011 FORM 990 WAS FIRST REVIEWED BY THE CHIEF FINANCIAL OFFICER. A COPY OF THE FORM 990 WAS THEN PRESENTED TO THE BOARD OF TRUSTEES AT BOARD MEETING PRIOR TO FILING THE FORM WITH THE INTERNAL REVENUE SERVICE. ONCE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, THE GENERAL MANAGER/CEO SIGNED AND TRANSMITTED THE RETURN TO THE INTERNAL REVENUE SERVICE. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, THE BOARD OF TRUSTEES HOLDS A POLICY WORKSHOP AT WHICH ALL THE COOPERATIVES' POLICIES ARE REVIEWED, INCLUDING THE POLICY REGARDING CONFLICT OF INTEREST. IN ANY BOARD MEETING AT WHICH A CONFLICT MAY ARISE DUE TO BUSINESS TRANSACTIONS, THE APPLICABLE TRUSTEES WILL RECUSE THEMSELVES FROM VOTING ON THE MATTER. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION OF THE CEO IS DETERMINED BY USING COMPARABLE SALARY DATA OF OTHER COOPERATIVES AS WELL AS OTHER SIMILAR ORGANIZATIONS WITHIN THE INDUSTRY. THE CEO REVIEWS VARIOUS SALARY SURVEYS AND TAKES A RECOMMENDATION TO THE BOARD FOR THEIR APPROVAL. ALL NON-UNION PERSONNEL RECEIVE THE BOARD APPROVED INCREASE INCLUDING THE CEO. UNION PERSONNEL RECEIVE A CONTRACTED AMOUNT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GLADES ELECTRIC COOPERATIVE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE MAIN OFFICE IN MOORE HAVEN, FLORIDA. | |
| FORM 990, PART XI, LINE 5: | UNREALIZED HOLDING GAINS (LOSSES) -7,447. RECLASSIFICATION ADJUSTMENT FOR GAINS(LOSSES) INCLUDED IN NET INCOME -95,351. RETIREMENT OF CAPITAL CREDITS -107,146. TOTAL TO FORM 990, PART XI, LINE 5: -209,944. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C | THE FILING ORGANIZATION DID NOT CHANGE ITS PROCESSES OF OVERSIGHT OR SELECTION FOR THE YEAR ENDED DECEMBER 31, 2011. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| GLADES ELECTRIC EDUCATIONAL FOUNDATION INC | ||||||||||
| PO BOX 519 | MOORE HAVEN | FL | 33471 | 651083705 | AWARD SCHOLARSHIPS | FL | 501(C)(3) | PRIVATE FOUNDATION | N/A | 0 |
| GLADES ELECTRIC CHARITABLE TRUST INC | ||||||||||
| PO BOX 519 | MOORE HAVEN | FL | 33471 | 650850177 | HELP NEEDY | FL | 501(C)(3) | COMMUNITY TRUST | N/A | 0 |
Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership | Share Of Total IncomeShareOfTotalIncome |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GLADES SERVICES INC | |||||||||||
| 1190 US HIGHWAY 27 EAST | MOORE HAVEN | FL | 33471 | 650902428 | HOLDING COMPANY | FL | GLADES ELECTRIC COOPERATIVE INC | C | -810394 | 1.00000 | |
| GLADES UTILITY SERVICES INC | |||||||||||
| 1190 US HIGHWAY 27 EAST | MOORE HAVEN | FL | 33471 | 650902154 | ELECTRIC UTLILTY PLANT CONTRACTOR | FL | GLADES SERVICES INC | C | 844902 | 1.00000 | 57655 |
| GLADES ECONOMIC INVESTORS INC | |||||||||||
| 1190 US HIGHWAY 27 EAST | MOORE HAVEN | FL | 33471 | 651067614 | REAL ESTATE INVESTMENTS | FL | GLADES SERVICES INC | C | 328412 | 1.00000 | 28 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (8 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| GLADES UTILITY SERVICES INC | ||
| A | 26000 | CASH |
| GLADES UTILITY SERVICES INC | ||
| A | 15526 | CASH |
| GLADES UTILITY SERVICES INC | ||
| L | 1712532 | CASH |
| GLADES UTILITY SERVICES INC | ||
| P | 44266 | CASH |
| GLADES ELECTRIC EDUCATIONAL FOUNDATION INC | ||
| Q | 71174 | CASH |
| GLADES ELECTRIC CHARITABLE TRUST INC | ||
| Q | 71943 | CASH |
| GLADES UTILITY SERVICES INC | ||
| D | 94000 | CASH |
| GLADES UTILITY SERVICES INC | ||
| D | -53000 | CASH |