2011-06-23T08:54:38-05:00 2010-12-31 JACKSON THORNTON & CO PC P O BOX 96 MONTGOMERY AL 361010096 990 2010-01-01 630196775 SOUTHERN PINE ELECTRIC COOPERATIVE INC SOUT 2518675415 PO BOX 528 BREWTON AL 36427 JASON JACKSON 2518675415 2011-06-22 1 PATRICK COOPER 3348347660 2011-06-22 2010 2016-03-07 17:11:31Z NA VINCE JOHNSON PO BOX 528 BREWTON AL 36427 50812630 0 X WWW.SOUTHERNPINE.ORG X 1939 AL TO PROVIDE ELECTRIC UTILITY SERVICE TO COOPERATIVE MEMBERS. 9 9 79 0 0 0 0 0 53389945 50499466 51311 92763 182294 220401 53623550 50812630 10000 39026 0 0 398865 473252 0 0 0 50546305 46214483 50955170 46726761 2668380 4085869 60609714 63506617 22635903 18018383 37973811 45488234 SOUTHERN PINE ELECTRIC COOPERATIVE IS A NONPROFIT ORGANIZATION THAT EXISTS TO PROVIDE RELIABLE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. 0 0 UTILIZING 3,241 MILES OF ELECTRIC DISTRIBUTION LINES, SOUTHERN PINE ELECTRIC COOPERATIVE, INC. PROVIDED 450,164,929 KILOWATT-HOURS OF ELECTRIC ENERGY TO APPROXIMATELY 15,580 RESIDENTIAL, COMMERCIAL AND INDUSTRIAL MEMBERS LOCATED IN SOUTH ALABAMA. 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 39 0 1 79 1 0 0 0 0 0 48981215 1621456 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 0 1 1 1 0 X JASON JACKSON 2518675415 2143 SOUTH BLVD BREWTON AL 36426 BOBBY BALLARD 6.00 X 15704 0 0 VERNON BAGGETT 14.00 X 25647 0 0 HILBERT HALL 5.00 X 21403 0 0 DAVID COOK JR 5.00 X 21273 0 0 AARON WHITE 6.00 X 24705 0 0 DWIGHT MALOY 2.00 X 20074 0 0 ALLEN LANG 5.00 X 23940 0 0 REGINALD KEITH PUGH 4.00 X 16739 0 0 CLEVELAND ROBERSON 3.00 X 21895 0 0 VINCE JOHNSON 47.00 X 129356 0 42143 JASON JACKSON 43.00 X 79069 0 31304 ROBERT COTTEN 50.00 X 103369 0 36015 503174 0 109462 2 0 1 0 ASPLUNDH TREE EXPERT PO BOX 532729 ATLANTA GA 30353 RIGHT OF WAY CLEARING 711501 TEREX UTILITIES 12210 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 TRUCK CONSTRUCTION AND REPAIRS 390356 SOUTHEAST WOODLAND SERVICES 431 CAINES LANDING RD CONWAY SC 29526 POLE INSPECTIONS AND RIGHT OF WAY CLEARI 221262 SOUTHEASTERN DATA COOPERATIVE INC 2100 EAST EXCHANGE PLACE / SUITE 30 TUCKER GA 300845313 SOFTWARE SUPPORT 220302 ALTEC INDUSTRIES INC 210 INVERNESS CENTER DRIVE BIRMINGHAM AL 35242 TRUCK CONSTRUCTION AND REPAIRS 194085 5 SALES OF ELECTRICITY 221000 48981215 48981215 PATRONAGE CAPITAL 221000 1518251 1518251 50499466 92763 92763 209959 209959 209959 209959 NON-OPERATING INCOME 221000 10442 10442 10442 50812630 50509908 0 302722 39026 473252 173127 1759680 COST OF POWER 35353456 DIST EXP - MAINTENANCE 2610522 ADMIN & GEN EXP 2426621 DIST EXP - OPERATIONS 2129858 CUSTOMER ACCOUNTS EXP 1288458 472761 46726761 1312160 1169842 262430 315610 6475249 6256724 531416 535159 231216 166094 67106841 25753960 39552889 41352881 1000 1000 12236282 13702102 7072 7205 60609714 63506617 6572279 3426076 3418614 3320253 12645010 11272054 22635903 18018383 X 0 0 111769 111009 37862042 45377225 37973811 45488234 60609714 63506617 X 4085869 3428554 X X 0 1 1 X 0 145784 145784 66961057 25753960 41207097 41352881 ENERGY RESOURCE LOANS RECEIVABLE 8614 C ECONOMIC DEVELOPMENT LOANS RECEIVABLE 158308 C PATRONAGE CAPITAL - COOPERATIVE FINANCE CORPORATION 12441 C PATRONAGE CAPITAL - POWERSOUTH ENERGY COOPERATIVE 12461203 C PATRONAGE CAPITAL - UNITED UTILITY SERVICES 180137 C PATRONAGE CAPITAL - SOUTHEASTERN DATA COOPERATIVE 67900 C PATRONAGE CAPITAL - GRESCO UTILITY SUPPLY, INC. 70911 C PATRONAGE CAPITAL - FEDERATED INSURANCE 77927 C PATRONAGE CAPITAL - COBANK 96490 C PATRONAGE CAPITAL - NRTC 53 C CAPITAL TERM CERTIFICATES - CFC 562061 C OTHER INVESTMENTS IN ASSOCIATED ORGANIZATIONS 6057 C 13702102 DEFERRED COMPENSATION 42516 CUSTOMER DEPOSITS 1129019 ACCUMULATED PROVISION FOR PENSION AND BENEFITS 10100519 11272054 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: INCOME TAXES - SPEC IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(12). SPS IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. 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 FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2007. 1 MONROEVILLEMONROE COUNTY ECONOMIC DEVELOPMENT AUTHORITY 15 N MOUNT PLEASANT AVE MONROEVILLE AL 36460 271235835 501(C)(3) 20000 EXPENSES RELATED TO ECONOMIC DEVELOPMENT ACTIVITIES. BEATRICE ELEMENTARY SCHOOL 55 ANGEL STREET BEATRICE AL 36425 636000995 N/A 10000 EXPENSES FOR SUMMER EDUCATIONAL PROGRAM. TOWN OF REPTON - LEARNING CENTER 1524 CONALY ST REPTON AL 36475 630780250 N/A 9026 REMODELING OF WELCOME CENTER/MUSEUM. 1 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: AN APPLICATION IS SUBMITTED STATING THE PURPOSE OF THE GRANT, TIMETABLE OF IMPLEMENTATION, NAMES OF INDIVIDUALS RESPONSIBLE FOR THE PROJECT AND TOTAL COST OF THE PROJECT AND/OR COSTS OF ONGOING OPERATIONS. X X X X 0 0 0 VINCE JOHNSON 129356 0 0 0 0 0 28090 0 14053 0 171499 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 SOUTHERN PINE ELECTRIC COOPERATIVE, INC. OPERATES ON THE COOPERATIVE BASIS HAVING MEMBERS WITH EQUAL VOTING RIGHTS. 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 THE CHIEF EXECUTIVE OFFICER AND THE OFFICE MANAGER BEFORE IT WAS PRESENTED TO THE BOARD. THE TAX CONSULTANT HIRED TO ASSIST IN THE PREPARATION OF THE FORM 990 ATTENDED THE JUNE 2011 BOARD MEETING AND CONDUCTED A FORMAL REVIEW OF THE FORM 990 WITH THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C WHEN FEASIBLE, ALL PURCHASES ARE MADE AT THE LOWEST COST AVAILABLE, LARGE ITEMS ARE OPEN TO BID, ALL CHECKS ISSUED REQUIRE TWO SIGNATURES, CHECKS ISSUED OVER $25,000 REQUIRE AT LEAST ONE TRUSTEE SIGNATURE. THESE PROCEDURES ENSURE THAT TWO OR MORE STAFF AND/OR TRUSTEES REVIEW EACH CHECK SO THAT NO FAVORITISM OR CONFLICTS OF INTEREST EXIST IN PURCHASING MATERIALS, PAYING FOR GOODS OR SERVICES OR ISSUING PAYROLL. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT/CEO IS SET AND APPROVED BY THE BOARD OF TRUSTEES. IT AND ALL OTHER COMPENSATION IS BASED ON SALARIES OF COMPARABLE ORGANIZATIONS, EXPERIENCE, LENGTH OF SERVICE AND JOB PERFORMANCE. COMPENSATION FOR OTHER EMPLOYEES ARE SET BY THE PRESIDENT/CEO AND AT LEAST ONE STAFF MEMBER USING THE SAME GUIDELINES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, BY-LAWS AND POLICIES ARE AVAILABLE FOR INSPECTION AT THE BREWTON OFFICE, 2134 S BLVD, BREWTON, AL, 36426. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: DECREASE IN MEMBERSHIPS -760. RECLASSIFICATION OF PATRONAGE CAPITAL PAYABLE FROM A LIABILITY TO EQUITY 1,013,284. NET CHANGE IN ACTUARIAL ASSUMPTIONS 1,972,211. AMORTIZATION OF THE ACTUARIAL LOSS 387,543. AMORTIZATION OF THE TRANSITION OBLIGATION 56,276. TOTAL TO FORM 990, PART XI, LINE 5: 3,428,554. FORM 990, PART XII, LINE 2C SOUTHERN PINE ELECTRIC COOPERATIVE, INC. DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS FOR THE TAX YEAR ENDING DECEMBER 31, 2010. SOUTHERN PINE ELECTRIC TRUST P O BOX 528 BREWTON AL 36426 412040142 PROVIDES FINANCIAL ASSISTANCE AL 501(C)(3) A COMMUNITY TRUST N/A 1 SOUTHERN PINE SERVICES INC P O BOX 528 BREWTON AL 36427 631245068 PROPANE SALES AL N/A C 10 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SOUTHERN PINE ELECTRIC TRUST Q 117814 CASH