2011-10-07T07:17:31-05:00 2010-12-31 PARENTEBEARD LLC PO BOX 311 READING PA 196030311 990 2010-01-01 240548304 CLAVERACK RURAL ELECTRIC COOPERATIVE CLAV 5702652167 32750 ROUTE 6 WYSOX PA 18854 BOBBI J KILMER 5702652167 2011-09-30 1 CHARLES A BEZLER 6109274910 2010 2016-03-07 17:11:31Z X BOBBI J KILMER 32750 ROUTE 6 WYSOX PA 18854 27129258 0 X WWW.CLAVERACK.COM X 1936 PA PROVISION OF ELECTRICAL SERVICE IN RURAL PENNSYLVANIA 9 9 0 0 0 0 0 0 0 0 48694 65035 14201784 14921939 14250478 14986974 0 0 0 0 166093 478428 0 0 0 11985656 11542714 12151749 12021142 2098729 2965832 65712286 67584507 43341098 42152465 22371188 25432042 PROVISION OF ELECTRIC SERVICE IN RURAL PENNSYLVANIA 0 0 PROVISION OF ELECTRIC SERVICE TO MEMBER/OWNERS IN RURAL PENNSYLVANIA USING THE COOPERATIVE FORM OF OWNERSHIP. 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 66 0 1 0 0 0 0 0 0 0 0 0 0 0 0 25873619 520191 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X SHELLEY YOUNG 5702652167 32750 ROUTE 6 WYSOX PA 18854 THOMAS J ELLIOTT 7.00 X 14700 0 0 STEVEN T SLIWINSKI 6.00 X 19600 0 0 JOHN C MCNAMARA 2.00 X 7035 0 0 JAMES E LUCE 6.00 X 20000 0 0 JAMES W ZICK 6.00 X 18800 0 0 KEVIN B BARRETT 7.00 X 18800 0 0 MICHAEL J COLEMAN 6.00 X 18600 0 0 CHARLES R BULLOCK 7.00 X 20400 0 0 ROBERT R FAUX 7.00 X 20400 0 0 CHARLES R MCNAMARA 5.00 X 7565 0 0 BOBBI J KILMER 50.00 X 0 146250 57929 SHELLEY R YOUNG 45.00 X 0 68711 39638 DONALD KANNENBERG X 0 0 0 ROBERT A HESS X 0 0 0 ALBERT J WYDA 3.00 X 0 0 0 WARNER STARK X 0 0 0 LEE DAVENPORT X 0 0 0 JOHN BRIDE X 0 0 0 165900 214961 97567 0 0 1 1 ALLEGHENY ELECTRIC COOPERATIVE PO BOX 1266 HARRISBURG PA 17108 WHOLESALE ELECTRICITY 12142284 C&T ENTERPRISES INC 33 AUSTIN STREET WELLSBORO PA 16901 LABOR AND MANAGEMENT SERVICES 5100200 ASPLUNDH TREE EXPERT CO 708 BLAIR MILL RD WILLOWGROVE PA 19090 TREE CUTTING SERVICES 1120103 3 65035 65035 430930 430930 25873619 12142284 13731335 13731335 G&T & OTHER CAP CREDIT 212000 735448 735448 EQUITY INCOME AFFILIAT 212000 19310 19310 OTHER NON-OPERATING 212000 4916 4916 759674 14986974 14486093 0 500881 478428 7903 27550 1184006 51310 402483 185534 60468 244297 114376 1931063 4483804 2440111 14855 MEMBERSHIP DUES/PUBLICA 261694 133260 12021142 193280 1454816 1163837 1901308 3642882 3952476 467934 453862 527427 537499 81435184 33606931 48660092 47828253 32356 40618 11024478 11415675 65712286 67584507 3565306 3555862 33419767 32097776 6356025 6498827 43341098 42152465 X 173010 169260 0 0 22198178 25262782 22371188 25432042 65712286 67584507 X 2965832 95022 X 0 1 1 X 0 81435184 33606931 47828253 47828253 5450997 C PATRONAGE CAPITAL IN ASSOC. COOPERATIVES 4584223 C CAPITAL CERTIFICATE ISSUED BY NRUCCFC 1286263 C INVESTMENTS IN ASSOCIATED ORGANIZATIONS 94192 C 11415675 ACCUMULATED POST RETIREMENT BENEFITS 6434833 DEFERRED INSTALLATION CHARGES CONTRA ACCOUNT 63994 6498827 14986974 12021142 2965832 95022 95022 3060854 27129258 12142284 12142284 14986974 0 14986974 24163426 12142284 12142284 12021142 0 12021142 PART XI, LINE 8: OTHER CHANGES CONSIST OF THE FOLLOWING ITEMS: CHANGE IN OTHER COMPREHENSIVE INCOME $143,825 MEMBERSHIP REFUNDS (3,750) RETIREMENT TO CAPITAL CREDITS (45,053) TOTAL 95,022 PART XIII, LINE 2D: PURCHASED POWER $12,142,284 X X X X 0 0 0 THOMAS J ELLIOTT 14700 12750 0 0 0 0 0 0 0 0 14700 12750 0 0 JOHN C MCNAMARA 7035 10500 0 0 0 0 0 0 0 0 7035 10500 0 0 JAMES E LUCE 20000 12750 0 0 0 0 0 0 0 0 20000 12750 0 0 MICHAEL J COLEMAN 18600 12375 0 0 0 0 0 0 0 0 18600 12375 0 0 CHARLES R BULLOCK 20400 1500 0 0 0 0 0 0 0 0 20400 1500 0 0 BOBBI J KILMER 0 146250 0 0 0 0 0 0 0 57929 0 204179 0 0 SHELLEY R YOUNG 0 68711 0 0 0 0 0 0 0 39638 0 108349 0 0 BOBBI KILMER CEO 146250 PAYROLL BENEFITS AND RELATED MANAGEMENT SERVICES 0 BOBBI KILMER CEO 359807 PURCHASE OF MATERIALS AND SUPPLIES FROM UNITED UTILITY SUPPLY COOPERATIVE CORPORATION OF WHICH BOBBI KILMER IS A DIRECTOR 0 THOMAS ELLIOTT DIRECTOR 12204877 PURCHASE OF WHOLESALE ELECTRICITY FROM ALLEGHENY ELECTRIC COOPERATIVE OF WHICH THOMAS ELLIOT IS A DIRECTOR 0 FORM 990, PART VI, SECTION A, LINE 3 CLAVERACK RURAL ELECTRIC COOPERATIVE IS A PARTY TO A MANAGEMENT SERVICES CONTRACT WITH C&T ENTERPRISES INC. C&T ENTERPRISES IS A FOR-PROFIT HOLDING COMPANY WHICH IS OWNED BY CLAVERACK AND TRI COUNTY ELECTRIC COOPERATIVE, INC. CLAVERACK AND TRI COUNTY EACH OWN 50% OF THE STOCK OF C&T ENTERPRISES. UNDER THE TERMS OF THE CONTRACT, C&T ASSIGNS EMPLOYEES TO CLAVERACK AND PROVIDES ALL PAYROLL AND RELATED SERVICES. C&T ALSO ADMINISTERS THE PAYROLL AND BENEFITS OF THE CLAVERACK PRESIDENT & CEO. FORM 990, PART VI, SECTION A, LINE 6 CLAVERACK RURAL ELECTRIC COOPERATIVE IS OWNED BY THOSE WHO RECEIVE ELECTRIC SERVICE FROM THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A THE ENTIRE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE COOPERATIVE WOULD NEED TO APPROVE THE DISPOSITION OF COOPERATIVE ASSETS IF THE VALUE OF THE ASSETS EXCEED 10% OF THE VALUE OF ALL PROPERTY OF THE COOPERATIVE. ALSO THE BYLAWS OUTLINE THE PROCESS BY WHICH MEMBERS COULD PETITION FOR THE REMOVAL OF A BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT OF THE FORM 990 IS REVIEWED WITH THE AUDIT AND RATE & BUDGET COMMITTEE. THE FORM 990 IS THEN DISTRIBUTED AND REVIEWED AT THE MEETING OF BOARD OF DIRECTORS. THE BOARD, UPON THEIR SATISFACTION WITH THE FORM, WILL TAKE ACTION, AUTHORIZING THE CEO TO SIGN AND FILE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY AND COMPLIANCE ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CEO IS NEGOTIATED AFTER A REVIEW OF COMPARABLE POSITIONS ON A NATIONAL, REGIONAL AND LOCAL LEVEL. VARIOUS SURVEY DATA IS USED TO INCLUDE A NATIONAL COMPENSATION SURVEY OF ELECTRIC COOPERATIVES. THE SALARY IS THEN INCLUDED AS A CONTRACTUAL ITEM IN THE CEO'S EMPLOYMENT CONTRACT. THE CONTRACT IS A THREE WAY AGREEMENT BETWEEN THE CEO, THE ORGANIZATION AND C&T ENTERPRISES, INC., A TAXABLE HOLDING COMPANY IN WHICH CLAVERACK OWNS 50%. C&T PROVIDES MANAGEMENT SERVICES TO INCLUDE PAYROLL AND BENEFIT ADMINISTRATION FOR ALL EMPLOYEES INCLUDING THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN OTHER COMPREHENSIVE INCOME (LOSS) 143,825. MEMBERSHIP FUNDS -3,750. RETIREMENT TO CAPITAL CREDIT -45,053. TOTAL TO FORM 990, PART XI, LINE 5: 95,022.