TAYLOR ELECTRIC COOPERATIVE INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: TAYLOR ELECTRIC COOPERATIVE INC (EIN 75-0597925)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-11-08
IRS object ID: 201243139349301349
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-08T14:16:20-06:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BRISCOE BURKE & GRIGSBY LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

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

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	750597925	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	TAYLOR ELECTRIC COOPERATIVE INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	TAYL	NameControl
Phone	3257938500	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 250	AddressLine1
City	MERKEL	City
State	TX	State
ZIP Code	79536	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DARRYL SCHRIVER	Name
Title	CEO	Title
Phone	3257938500	Phone
Date Signed	2012-10-17	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	SEAN B DUNAHAY CPA	Name
Phone	9187498337	Phone
Date Prepared	2012-10-17	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	40716325	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.TAYLORELECTRIC.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1939	YearFormation
State Legal Domicile	TX	StateLegalDomicile
Activity Or Mission Description	TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	10	NbrIndependentVotingMembers
Total Nbr Employees	75	TotalNbrEmployees
Total Gross UBI	16893	TotalGrossUBI
Net Unrelated Business Txbl Income	-6514	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	34688003	ProgramServiceRevenuePriorYear
Program Service Revenue CY	37798575	ProgramServiceRevenueCY
Investment Income Prior Year	3045566	InvestmentIncomePriorYear
Investment Income Current Year	2697222	InvestmentIncomeCurrentYear
Other Revenue Prior Year	-258289	OtherRevenuePriorYear
Other Revenue Current Year	-149042	OtherRevenueCurrentYear
Total Revenue Prior Year	37475280	TotalRevenuePriorYear
Total Revenue Current Year	40346755	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	6241184	BenefitsPaidToMembersCY
Salaries Etc Prior Year	557330	SalariesEtcPriorYear
Salaries Etc Current Year	567205	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	31135625	OtherExpensePriorYear
Other Expenses Current Year	33538366	OtherExpensesCurrentYear
Total Expenses Prior Year	31692955	TotalExpensesPriorYear
Total Expenses Current Year	40346755	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	5782325	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	0	RevenuesLessExpensesCY
Total Assets BOY	88594680	TotalAssetsBOY
Total Assets EOY	98109899	TotalAssetsEOY
Total Liabilities BOY	54483620	TotalLiabilitiesBOY
Total Liabilities EOY	58137737	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	34111060	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	39972162	NetAssetsOrFundBalancesEOY
Mission Description	TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	SALES OF ELECTRIC POWER TO MEMBERS SERVICES WERE PROVIDED POWER AT YEAR END AT COST ON A COOPERATIVE BASIS.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	48	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	75	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Gross Income From Members	37798575	GrossIncomeFromMembers
Gross Income Other Sources	2763493	GrossIncomeOtherSources
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	10	NbrVotingGoverningBodyMembers
Number Independent Voting Members	10	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	TX	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	TAYLOR ELECTRIC COOPERATIVE INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	3257938500	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	226 CR 287	AddressLine1
City	MERKEL	City
State	TX	State
ZIP Code	79536	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
LARRY SLOAN
DIRECTOR	7.00	X	17600	1400	0
SYBIL NORRIS
DIRECTOR	6.00	X	17275	1400	0
TONY HAM
DIRECTOR	7.00	X	16400	1400	0
GAYLE GOLLIHAR
DIRECTOR	6.00	X	16325	1400	0
LELAND ROBINSON
BOARD CHAIRM	8.00	X	16200	1400	0
HOLLIS ELLIS
DIRECTOR	6.00	X	16000	1400	0
PARKS THOMAS
SECRETAR/TRE	5.00	X	14600	1400	0
DAVID MCFALL
DIRECTOR	5.40	X	14750	900	0
CECIL DAVIS
BOARD VICE C	3.00	X	13300	1300	0
LOYD WALKER
DIRECTOR	7.00	X	5350	400	0
DARRYL SCHRIVER
GENERAL MANA	40.00		256115	0	60446	X
MISTI HAYS
CONTROLLER	40.00		72921	0	29923	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	476836	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	12400	TotalReportableCompFrmRltdOrgs
Total Other Compensation	90369	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
ASPLUNDH TREE EXPERT CO
1700 SOLUTIONS CENTER	CHICAGO	IL	60677	TREE TRIMMING	512740
NEAL TECHNOLOGY ASSOC INC
621 S MARKET ST	SCOTTSBORO	AL	35768	DATA COLLECTION	372640
WESTEX CONNECT INTERNET SVCS
500 CHESTNUT ST STE 1901	ABILENE	TX	79602	WIRELESS SVCS	203539
JOHN D CASEY CONSTRUCTION
1281 BRAUNE ROAD	ABILENE	TX	79603	CONSTRUCTION	109195
I2WAY CORPORATION
696 MOULTON AVE UNITE E	LOS ANGELES	CA	90031	WIRELESS EQUIP	100500

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	5	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	PROGRAM SERVICE REVENUE	Description
Total Revenue Column	37798575	TotalRevenueColumn
Related Or Exempt Function Income	37798575	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	37798575	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	2729681	TotalRevenueColumn
Unrelated Business Revenue	7656	UnrelatedBusinessRevenue
Exclusion	$2,722,025	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	66270	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	5877	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	60393	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	60393	TotalRevenueColumn
Exclusion	$60,393	ExclusionAmount

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	32459	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	-32459	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-32459	TotalRevenueColumn
Exclusion	-$32,459	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	119604	GrossSalesOfInventory
Cost Of Goods Sold	331234	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	-211630	TotalRevenueColumn
Unrelated Business Revenue	9237	UnrelatedBusinessRevenue
Exclusion	-$220,867	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER INCOME - RELATED	Description
Total Revenue Column	2195	TotalRevenueColumn
Exclusion	$2,195	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	2195	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	40346755	TotalRevenueColumn
Related Or Exempt Function Income	37798575	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	16893	UnrelatedBusinessRevenue
Exclusion	$2,531,287	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	6241184	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	567205	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	3238309	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	3018304	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
COST OF POWER	20746234
DISTRIBTION	2251327
OTHER	1544028
CONSUMER & CUSTOMER ACCOU	1091099

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1649065	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	40346755	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1600749	BOY
EOY	2949350	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1241805	BOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	3523325	BOY
EOY	3557189	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	41174	BOY
EOY	52139	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	568829	BOY
EOY	1387349	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	101544029	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	32474193	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	63381612	BOY
EOY	69069836	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	18237186	BOY
EOY	21094036	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	88594680	BOY
EOY	98109899	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	2468606	BOY
EOY	2982992	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	49827180	BOY
EOY	53518575	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	2187834	BOY
EOY	1636170	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	54483620	BOY
EOY	58137737	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	94510	BOY
EOY	96905	EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	275540	BOY
EOY	395095	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	33741010	BOY
EOY	39480162	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	34111060	BOY
EOY	39972162	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	88594680	BOY
EOY	98109899	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	0	ReconcilationRevenueExpenses
Reconcilation Other Changes	5861102	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule D IRS990ScheduleD

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

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	246597	OtherCostOrOtherBasis
Book Value	246597	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	101297432	OtherCostOrOtherBasis
Depreciation	32474193	Depreciation
Book Value	68823239	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	69069836	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (7 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
INVESTMENTS IN ASSOCIATED	16932873	C
MEMBER CAPITAL SECURITIES	2200000	C
CFC	1531913	C
POWER COST RECOVERY - UNDERBILLED	150070	C
CASH SURRENDER VALUE OF EMPLOYEE INS	138731	F
INVESTMENT IN SUB.	114338	C
NON-UTILITY PROPERTY	26111	C

Field	Value	IRS element (for citing)
Total Of Book Value Securities	21094036	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
DEFERRED CREDITS	$833,866
CONSUMER DEPOSITS	$802,304

Field	Value	IRS element (for citing)
Total Of Amounts	1636170	TotalOfAmounts
Total Revenue	40346755	TotalRevenue
Total Expenses	40346755	TotalExpenses
Other	$6,359,028	OtherAmount
Total Adjustments	6359028	TotalAdjustments
Excess Or Deficit Per FS	6359028	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	40464599	TotRevenueEtcAuditedFinclStmt
Other Revenues	117844	OtherRevenues
Revenue Not Rptd F990	117844	RevenueNotRptdF990
Revenue Subtotal	40346755	RevenueSubtotal
Total Revenue Per Form990	40346755	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	34105571	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	34105571	ExpensesSubtotal
Other Expenses Not Included	6241184	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	6241184	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	40346755	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	IN JUNE 2006, THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ISSUED INTERPRETATION NO. 48 ("FIN 48"), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FIN 48 PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS IN ACCORDANCE WITH STATEMENT OF FINANCIAL ACCOUNTING STANDARDS 740-10-25, ACCOUNTING FOR INCOME TAXES. FIN 48 REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. IF THE TAX POSITION MEETS THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE TAX EFFECT IS RECOGNIZED AT THE LARGEST AMOUNT OF THE BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. ANY DIFFERENCE BETWEEN THE TAX POSITION TAKEN IN THE TAX RETURN AND THE TAX POSITION RECOGNIZED IN THE FINANCIAL STATEMENTS USING THE CRITERIA ABOVE RESULTS IN THE RECOGNITION OF A LIABILITY IN THE FINANCIAL STATEMENTS FOR THE UNRECOGNIZED BENEFIT. SIMILARLY, IF A TAX POSITION FAILS TO MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT TAKEN IN THE TAX RETURN WILL ALSO RESULT IN THE RECOGNITION OF A LIABILITY IN THE FINANCIAL STATEMENTS FOR THE FULL AMOUNT OF THE UNRECOGNIZED BENEFIT. FIN 48 BECAME EFFECTIVE JANUARY 1, 2007 FOR PUBLIC COMPANIES AND NONPUBLIC COMPANIES THAT ARE CONSOLIDATED WITH PUBLIC COMPANIES. ON DECEMBER 30, 2008, THE FASB ISSUED FASB STAFF POSITION (FSP) FIN 48-3, EFFECTIVE DATE OF FASB INTERPRETATION NO. 48 FOR CERTAIN NONPUBLIC ENTERPRISES, WHICH ALLOWS DEFERRAL OF FIN 48 FOR CERTAIN NONPUBLIC ENTERPRISES INCLUDED WITHIN THIS FSP'S SCOPE TO THE ANNUAL FINANCIAL STATEMENTS FOR FISCAL YEARS BEGINNING AFTER DECEMBER 15, 2008. THE COOPERATIVE ELECTED TO DEFER IMPLEMENTATION OF FIN 48 TO ITS FIRST ANNUAL FINANCIAL STATEMENTS ENDING ON DECEMBER 31, 2009. THE ADOPTION OF FIN 48 DID NOT HAVE A MATERIAL EFFECT ON ITS FINANCIAL POSITION, RESULTS OF OPERATIONS OR CASH FLOWS. THE DETERMINATION OF UNCERTAIN TAX POSITIONS FOR FINANCIAL STATEMENTS PRIOR TO THE IMPLEMENTATION OF FIN 48 USES THE TAX JUDGMENTS REPORTED ON THE COOPERATIVE'S TAX RETURNS WHICH WERE BASED ON THE REQUIREMENTS FOR FILING TAX RETURNS UNDER THE VARIOUS TAXING AUTHORITY'S REQUIREMENTS FOR THE APPLICABLE FISCAL PERIOD. THESE FILINGS MAY BE SUBJECT TO AMENDMENT OR CHANGE DURING AN EXAMINATION BY THE VARIOUS TAXING AUTHORITIES, WHICH HAS NOT BEEN CONSIDERED IN THE DETERMINATION OF THE COOPERATIVE'S TAX ASSETS OR LIABILITIES INCLUDED IN THOSE CONSOLIDATED FINANCIAL STATEMENTS. THE TECHNICAL MERITS OF THE COOPERATIVE'S TAX POSITIONS ARE DERIVED FROM SOURCES OF AUTHORITIES IN THE TAX LAW (LEGISLATION AND STATUTES, LEGISLATIVE INTENT, REGULATIONS, RULINGS, AND CASE LAW) AND THEIR APPLICABILITY TO THE FACTS AND CIRCUMSTANCES OF THE TAX POSITIONS. MANAGEMENT HAS CONSIDERED WHETHER THE COOPERATIVE HAS ANY UNCERTAIN TAX POSITIONS, EMBEDDED OR OTHERWISE, THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES NO SUCH MATERIAL UNCERTAINTIES EXIST, THEREFORE, NO PROVISION IS PROVIDED. THE COOPERATIVE HAS TAX RETURNS FOR TAX YEARS 2005-2010 IN VARIOUS JURISDICTIONS THAT REMAIN SUBJECT TO EXAMINATION.
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	NET MARGINS FROM SUBSIDIARY 117,844 PATRONAGE DIVIDENDS - ALLOCATED 6,241,184
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	NET MARGINS FROM SUBSIDIARY 117,844
EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 4B	PATRONAGE DIVIDENDS - ALLOCATED 6,241,184

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Form990 Of Other Organizations	X	Form990OfOtherOrganizations
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	DARRYL SCHRIVER	NamePerson
Base Compensation Filing Org	192083	BaseCompensationFilingOrg
Bonus Filing Org	61923	BonusFilingOrg
Other Compensation Filing Org	2109	OtherCompensationFilingOrg
Deferred Comp Filing Org	22816	DeferredCompFilingOrg
Nontaxable Benefits Filing Org	37630	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	316561	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	MEMBERS
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	YES
DECISIONS SUBJECT TO APPROVAL OF MEMBERS	FORM 990, PAGE 6, PART VI, LINE 7B	YES
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	REVIEW AND/OR APPROVAL BY THE BOARD.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	THE ORGANIZATION PERIODICALLY REVIEWS ITS CONFLICT OF INTERESTS POLICY WITH EMPLOYEES AND DIRECTORS.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	THE ORGANIZATION UTILITES INDUSTRY DATA, COMPENSATION SURVEYS AND COMPENSATION COMMITTES AS DEEMED NECESSARY.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	THE ORGANIZATION UTILITES INDUSTRY DATA, COMPENSATION SURVEYS AND COMPENSATION COMMITTES AS DEEMED NECESSARY.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	UPON REQUEST.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	TAYLOR ELECTRIC TRUST	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 250	AddressLine1
City	MERKEL	City
State	TX	State
ZIP Code	79536	ZIPCode

Field	Value	IRS element (for citing)
EIN	262612715	EIN
Primary Activities	CHARITY	PrimaryActivities
Legal Domicile State	TX	LegalDomicileState
Exempt Code Section	501C3	ExemptCodeSection
Public Charity Status	9	PublicCharityStatus

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	TAYLOR ELE	BusinessNameLine1

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

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	TAYLOR DEVELOPMENT CORPORATION	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 250	AddressLine1
City	MERKEL	City
State	TX	State
ZIP Code	79536	ZIPCode

Field	Value	IRS element (for citing)
EIN	752684020	EIN
Primary Activity	ANS. PHONE	PrimaryActivity
Legal Domicile State	TX	LegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	TAYLOR ELE	BusinessNameLine1

Field	Value	IRS element (for citing)
Type Of Entity	C CORP	TypeOfEntity
Share Of Total Income	325159	ShareOfTotalIncome
Share Of EOY Assets	152927	ShareOfEOYAssets
Percentage Ownership	1.00000	PercentageOwnership

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

Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved	Method Of Amt DeterminationMethodOfAmtDetermination
TAYLOR ELECTRIC DEVELOPMENT
A	7656	ACCRUAL
TAYLOR ELECTRIC TRUST
Q	60241	ACCRUAL
TAYLOR ELECTRIC DEVELOPMENT
P	12400	ACCRUAL