PEDERNALES ELECTRIC COOPERATIVE INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- PEDERNALES ELECTRIC COOPERATIVE INC (EIN 74-0828412)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-06-30
- IRS object ID
- 201121819349300707
- Schema version
- 2010v3.2
- 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 | 2011-06-30T08:57:19-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BKD LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2800 Post Oak Blvd Ste 3200 | AddressLine1 |
| City | HOUSTON | City |
| State | TX | State |
| ZIP Code | 77056 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 740828412 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PEDERNALES ELECTRIC COOPERATIVE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PEDE | NameControl |
| Phone | 8308685112 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1 | AddressLine1 |
| City | JOHNSON CITY | City |
| State | TX | State |
| ZIP Code | 78636 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL E VOLLMER | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Date Signed | 2011-06-24 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | M Paige Gerich | Name |
| Phone | 7134994600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | R B SLOAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1 | AddressLine1 |
| City | JOHNSON CITY | City |
| State | TX | State |
| ZIP Code | 78636 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 554701501 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.PEC.COOP | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1938 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | PEDERNALES IS AN ELECTRIC COOPERATIVE OWNED BY THE MEMBERS IT SERVES. PEDERNALES PURCHASES ELECTRICAL POWER FROM SUPPLIERS AND DELIVERS SERVICE TO ITS MEMBERS THROUGH ITS TRANSMISSION/DISTRIBUTION SYSTEM. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 939 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 573546280 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 552383101 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1761401 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2125315 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3378627 | OtherRevenuePriorYear |
| Other Revenue Current Year | 162891 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 578686308 | TotalRevenuePriorYear |
| Total Revenue Current Year | 554671307 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 220186 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 410138 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 58559371 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 36048041 | 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 | 462261056 | OtherExpensePriorYear |
| Other Expenses Current Year | 463821554 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 521040613 | TotalExpensesPriorYear |
| Total Expenses Current Year | 500279733 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 57645695 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 54391574 | RevenuesLessExpensesCY |
| Total Assets BOY | 1247816518 | TotalAssetsBOY |
| Total Assets EOY | 1291029154 | TotalAssetsEOY |
| Total Liabilities BOY | 935971460 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 925306490 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 311845058 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 365722664 | NetAssetsOrFundBalancesEOY |
| Mission Description | PEDERNALES IS AN ELECTRIC COOPERATIVE OWNED BY THE MEMBERS IT SERVES. PEDERNALES PURCHASES ELECTRICAL POWER FROM SUPPLIERS AND DELIVERS SERVICE TO ITS MEMBERS THROUGH ITS TRANSMISSION/DISTRIBUTION SYSTEM. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 0 | Expense |
| Revenue | 0 | Revenue |
| Description | PURCHASE AND DELIVERY OF ELECTRICAL POWER AND UPKEEP OF TRANSMISSION AND DISTRIBUTION SYSTEMS. | Description |
| Total Program Service Expense | 0 | TotalProgramServiceExpense |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| 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 | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | 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 |
| Financial Stmt Attached | false | FinancialStmtAttached |
| Grants To Organizations | true | 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 | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 361 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 939 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Gross Income From Members | 534960002 | GrossIncomeFromMembers |
| Gross Income Other Sources | 1091177 | GrossIncomeOtherSources |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | 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 | false | MinutesOfCommittees |
| Officer Mailing Address | true | 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 |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MICHAEL E VOLLMER | NamePerson |
| Telephone Number | 8308684984 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1 | AddressLine1 |
| City | JOHNSON CITY | City |
| State | TX | State |
| ZIP Code | 78636 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (35 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| LAWRENCE LANDAKER | ||||||||
| PRESIDENT | 30.0 | X | X | 40000 | 0 | 0 | ||
| CRISTI CLEMENT | ||||||||
| SECRETARY/TREASURER | 38.0 | X | X | 43750 | 0 | 0 | ||
| KATHRYN SCANLON | ||||||||
| DIRECTOR | 22.0 | X | 41500 | 0 | 0 | |||
| R B FELPS | ||||||||
| DIRECTOR | 19.3 | X | 21517 | 0 | 0 | |||
| JAMES WILLIAMS | ||||||||
| DIRECTOR | 15.0 | X | 25500 | 0 | 0 | |||
| PATRICK COX | ||||||||
| DIRECTOR | 14.0 | X | 41000 | 0 | 0 | |||
| OC HARMON | ||||||||
| DIRECTOR | 8.0 | X | 20240 | 0 | 0 | |||
| CHRIS PERRY | ||||||||
| VICE PRESIDENT | 16.0 | X | X | 19500 | 0 | 0 | ||
| ROSS FISCHER | ||||||||
| DIRECTOR | 5.0 | X | 18000 | 0 | 0 | |||
| JUAN GARZA | ||||||||
| GENERAL MANAGER | 40.0 | X | 1294379 | 0 | 29429 | |||
| MICHAEL E VOLLMER | ||||||||
| CHIEF FINANCIAL OFFICER | 40.0 | X | 223583 | 0 | 69230 | |||
| PAUL HILGERS | ||||||||
| DEPUTY GENERAL MANAGER | 40.0 | 264301 | 0 | 38612 | X | |||
| JEANELL DAVIS | ||||||||
| ASSISTANT GENERAL MANAGER | 40.0 | 245640 | 0 | 58562 | X | |||
| JAMES BLANTON | ||||||||
| ASSISTANT GENERAL MANAGER | 40.0 | 232521 | 0 | 25199 | X | |||
| LUIS A GARCIA | ||||||||
| ACCTING GENERAL MANAGER | 40.0 | 248489 | 0 | 37340 | X | |||
| EDWARD A DAUTERIVE | ||||||||
| MEMBER SERVICES MANAGER | 40.0 | 193539 | 0 | 29590 | X | |||
| DALE A JONES | ||||||||
| POWER SUPPLY MANAGER | 40.0 | 189980 | 0 | 33874 | X | |||
| JOHN M HOUSER | ||||||||
| DISTRICT MANAGER, CEDAR PARK | 40.0 | 177962 | 0 | 39382 | X | |||
| TONI J REYES | ||||||||
| COMMUNITY RELATIONS MANAGER | 40.0 | 181137 | 0 | 45201 | X | |||
| LLOYD W MCKEE | ||||||||
| DISTRICT MANAGER, LIBERTY HILL | 40.0 | 186575 | 0 | 37173 | X | |||
| ROBERT J DIFONZO SR | ||||||||
| DISTRICT MANAGER, CANYON LAKE | 40.0 | 176871 | 0 | 32595 | X | |||
| HERBERT O GREBE III | ||||||||
| DISTRICT MANAGER, OAK HILL | 40.0 | 175805 | 0 | 32913 | X | |||
| MICHAEL J RACIS | ||||||||
| COMMUNICATIONS MANAGER | 40.0 | 176811 | 0 | 29367 | X | |||
| ARCENIO LOPEZ JR | ||||||||
| DISTRICT MANAGER, KYLE/BUDA | 40.0 | 169282 | 0 | 24457 | X | |||
| THERESA M OWENS | ||||||||
| HUMAN RESOURCES MANAGER | 40.0 | 173378 | 0 | 23235 | X | |||
| MICHELLE M GALLOWAY | ||||||||
| TECHNICAL COMM. MANAGER | 40.0 | 173027 | 0 | 29632 | X | |||
| MELINDA L ARMBRUSTER | ||||||||
| CORRESPONDENCE/RECORDS MANAGER | 40.0 | 168476 | 0 | 45096 | X | |||
| STEPHEN V MALDONADO | ||||||||
| DISTRICT MANAGER, MARBLE FALLS | 40.0 | 164054 | 0 | 32241 | X | |||
| ROBERT PETERSON | ||||||||
| SYSTEM ENGINEERING MANAGER | 40.0 | 192555 | 0 | 31110 | X | |||
| PETER JOHN SLOVER | ||||||||
| GOVERNANCE OFFICER | 40.0 | 168570 | 0 | 29164 | X | |||
| TED J MASON | ||||||||
| DISTRICT MANAGER, JUNCTION | 40.0 | 128075 | 0 | 45842 | X | |||
| ZELENNY MARTINEZ | ||||||||
| IT MANAGER | 40.0 | 146885 | 0 | 26248 | X | |||
| RICHARD ARELLANO | ||||||||
| DISTRICT MANAGER, BERTRAM | 40.0 | 130121 | 0 | 18458 | X | |||
| WILLIAM KOCH | ||||||||
| SOFTWARE PROGRAMMER | 40.0 | 132991 | 0 | 21816 | X | |||
| AISHA HAGEN | ||||||||
| ACCTING GENERAL COUNSEL | 40.0 | 131579 | 0 | 12702 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 6117593 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 878468 | TotalOtherCompensation |
| Number Individuals GT100 K | 42 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|
| TEXAS ELECTRIC COOPERATIVE INC | |
| ELEC DIST SUB-CONTR | 1941727 |
| PIKE ELECTRIC LLC | |
| ELEC DIST SUB-CONTR | 1166211 |
| T D SOLUTIONS LLC | |
| ELEC DIST SUB-CONTR | 1144933 |
| DELOITTE CONSULTING LLP | |
| CONSULTING SVCS | 1497517 |
| LAMBDA CONSTRUCTION I LTD | |
| CONSTRUCTION SVCS | 1397382 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 67 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| SALE OF ELECTRICITY | 221000 | 550769939 | 550769939 |
| PATRONAGE DIVIDEND | 221000 | 1613162 | 1613162 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 552383101 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2155509 | TotalRevenueColumn |
| Exclusion | $2,155,509 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 30194 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -30194 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -30194 | TotalRevenueColumn |
| Exclusion | -$30,194 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISC NON-OPERATING INCOME | Description |
| Business Code | 221000 | BusinessCode |
| Total Revenue Column | 162891 | TotalRevenueColumn |
| Related Or Exempt Function Income | 162891 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 162891 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 554671307 | TotalRevenueColumn |
| Related Or Exempt Function Income | 552545992 | RelatedOrExemptFunctionIncome |
| Exclusion | $2,125,315 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 410138 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6195069 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10205668 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15226553 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 451837 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3968914 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2184022 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1029432 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 932475 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 86541 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 888024 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 961231 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1969979 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3625172 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6525896 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 377461 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40352743 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38067545 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 902507 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF PURCHASED POWER | 312275279 |
| OPERATIONS | 12327745 |
| MAINTENANCE | 15562723 |
| ADMINISTRATIVE EXPENSES | 18183511 |
| OTHER TAXES | 4914168 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2655100 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 500279733 | 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 | 1766623 | BOY |
| EOY | 20603201 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4792100 | BOY |
| EOY | 50000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71149749 | BOY |
| EOY | 46062859 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11348859 | BOY |
| EOY | 9821567 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1171539 | BOY |
| EOY | 1437472 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1312961995 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 209429225 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1050157175 | BOY |
| EOY | 1103532770 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11448390 | BOY |
| EOY | 11215712 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41160135 | BOY |
| EOY | 42401781 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54821948 | BOY |
| EOY | 55903792 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1247816518 | BOY |
| EOY | 1291029154 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79893310 | BOY |
| EOY | 65169320 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 744045000 | BOY |
| EOY | 751085000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112033150 | BOY |
| EOY | 109052170 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 935971460 | BOY |
| EOY | 925306490 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9321417 | BOY |
| EOY | 9472390 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 302523641 | BOY |
| EOY | 356250274 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 311845058 | BOY |
| EOY | 365722664 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1247816518 | BOY |
| EOY | 1291029154 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 54391574 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -513968 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8700812 | OtherCostOrOtherBasis |
| Book Value | 8700812 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 44125167 | OtherCostOrOtherBasis |
| Depreciation | 9263096 | Depreciation |
| Book Value | 34862071 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 780954 | OtherCostOrOtherBasis |
| Depreciation | 395952 | Depreciation |
| Book Value | 385002 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1232958383 | OtherCostOrOtherBasis |
| Depreciation | 199764747 | Depreciation |
| Book Value | 1033193637 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 26396680 | OtherCostOrOtherBasis |
| Depreciation | 5432 | Depreciation |
| Book Value | 26391248 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1103532770 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| OTHER DEF CREDITS/LIABILITIES | $6,156,479 |
| POST RETIREMENT BENEFIT OBL | $102,895,691 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 109052170 | TotalOfAmounts |
| Total Revenue | 554671307 | TotalRevenue |
| Total Expenses | 500279733 | TotalExpenses |
| Excess Or Deficit For Year | 54391574 | ExcessOrDeficitForYear |
| Other | -$664,943 | OtherAmount |
| Total Adjustments | -664943 | TotalAdjustments |
| Excess Or Deficit Per FS | 53726631 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 553636417 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 553636417 | RevenueSubtotal |
| Other Revenues Not Included | 1034890 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1034890 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 554671307 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 499909786 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 664949 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 664949 | ExpensesNotRptdF990 |
| Expenses Subtotal | 499244837 | ExpensesSubtotal |
| Other Expenses Not Included | 1034896 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1034896 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 500279733 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| OTHER CHANGES IN NET ASSETS | SCHEDULE D, PART XI, LINE 8 | EQUITY IN SUBSIDIARY EARNINGS $ (664,949) ROUNDING $ 6 ------------ $ (664,943) |
| REVENUE ON BOOKS, NOT ON RETURN | SCHEDULE D, PART XII, LINE 4B | DONATIONS $ 410,138 AMORTIZATION OF DEBT DISCOUNT $ 624,758 ROUNDING $ (6) ------------ $1,034,890 |
| EXPENSE ON BOOKS, NOT ON RETURN | SCHEDULE D, PART XIII, LINE 2D | EQUITY IN SUBSIDIARY EARNINGS $ 664,949 |
| EXPENSE ON RETURN, NOT ON BOOKS | SCHEDULE D, PART XIII, LINE 4B | DONATIONS $ 410,138 AMORTIZATION OF DEBT DISCOUNT $ 624,758 ------------ $1,034,896 |
| FIN 48 DISCLOSURE | MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| PEC SCHOLARSHIP FUND | |||||||
| 201 S AVENUE F | JOHNSON CITY | TX | 78636 | 742897600 | 501(c)(3) | 37000 | DONATIONS |
| PEC UNITED CHARITIES INC | |||||||
| PO BOX 1 | JOHNSON CITY | TX | 78636 | 742491188 | 501(c)(3) | 164014 | DONATIONS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 2 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIBE THE ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF FUNDS | Identifier |
| Return Reference | SCH I, PART I, QUESTION 2 | ReturnReference |
| Explanation | THE ORGANIZATION MAKES GRANTS TO TWO RELATED 501(C)(3) ORGANIZATIONS AND MONITORS USE OF GRANTED FUNDS THROUGHOUT THE YEAR. BOTH ORGANIZATIONS SUPPORT CHARITABLE ACTIVITIES IN THE AREAS SERVED BY PEDERNALES ELECTRIC COOPERATIVE INC. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (24 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JUAN GARZA | |||||||||||
| 231481 | 0 | 0 | 0 | 1062898 | 0 | 23288 | 0 | 6141 | 0 | 1323808 | 0 |
| PAUL HILGERS | |||||||||||
| 236345 | 0 | 7500 | 0 | 20456 | 0 | 24015 | 0 | 14597 | 0 | 302913 | 0 |
| JEANELL DAVIS | |||||||||||
| 229090 | 0 | 7500 | 0 | 9050 | 0 | 44036 | 0 | 14526 | 0 | 304202 | 0 |
| JAMES BLANTON | |||||||||||
| 206181 | 0 | 7500 | 0 | 18840 | 0 | 18356 | 0 | 6843 | 0 | 257720 | 0 |
| LUIS A GARCIA | |||||||||||
| 213543 | 0 | 27300 | 0 | 7646 | 0 | 22806 | 0 | 14534 | 0 | 285829 | 0 |
| MICHAEL E VOLLMER | |||||||||||
| 194693 | 0 | 7500 | 0 | 21390 | 0 | 54747 | 0 | 14483 | 0 | 292813 | 0 |
| EDWARD A DAUTERIVE | |||||||||||
| 171099 | 0 | 7500 | 0 | 14940 | 0 | 15215 | 0 | 14375 | 0 | 223129 | 0 |
| DALE A JONES | |||||||||||
| 166769 | 0 | 7500 | 0 | 15711 | 0 | 22504 | 0 | 11370 | 0 | 223854 | 0 |
| JOHN M HOUSER | |||||||||||
| 168249 | 0 | 7500 | 0 | 2213 | 0 | 25072 | 0 | 14310 | 0 | 217344 | 0 |
| TONI J REYES | |||||||||||
| 156935 | 0 | 7500 | 0 | 16702 | 0 | 30987 | 0 | 14214 | 0 | 226338 | 0 |
| LLOYD W MCKEE | |||||||||||
| 163382 | 0 | 7500 | 0 | 15693 | 0 | 22864 | 0 | 14309 | 0 | 223748 | 0 |
| ROBERT J DIFONZO SR | |||||||||||
| 153755 | 0 | 7500 | 0 | 15616 | 0 | 26431 | 0 | 6164 | 0 | 209466 | 0 |
| HERBERT O GREBE III | |||||||||||
| 153105 | 0 | 7500 | 0 | 15200 | 0 | 18746 | 0 | 14167 | 0 | 208718 | 0 |
| MICHAEL J RACIS | |||||||||||
| 154350 | 0 | 7500 | 0 | 14961 | 0 | 15194 | 0 | 14173 | 0 | 206178 | 0 |
| ARCENIO LOPEZ JR | |||||||||||
| 152818 | 0 | 7500 | 0 | 8964 | 0 | 14188 | 0 | 10269 | 0 | 193739 | 0 |
| THERESA M OWENS | |||||||||||
| 150991 | 0 | 7500 | 0 | 14887 | 0 | 13268 | 0 | 9967 | 0 | 196613 | 0 |
| MICHELLE M GALLOWAY | |||||||||||
| 150648 | 0 | 7500 | 0 | 14879 | 0 | 15510 | 0 | 14122 | 0 | 202659 | 0 |
| MELINDA L ARMBRUSTER | |||||||||||
| 145484 | 0 | 7500 | 0 | 15492 | 0 | 35549 | 0 | 9547 | 0 | 213572 | 0 |
| STEPHEN V MALDONADO | |||||||||||
| 151917 | 0 | 7500 | 0 | 4637 | 0 | 18148 | 0 | 14093 | 0 | 196295 | 0 |
| ROBERT PETERSON | |||||||||||
| 181482 | 0 | 7500 | 0 | 3573 | 0 | 24737 | 0 | 6373 | 0 | 223665 | 0 |
| PETER JOHN SLOVER | |||||||||||
| 145866 | 0 | 7500 | 0 | 15204 | 0 | 15092 | 0 | 14072 | 0 | 197734 | 0 |
| TED J MASON | |||||||||||
| 116765 | 0 | 6653 | 0 | 4657 | 0 | 33941 | 0 | 11901 | 0 | 173917 | 0 |
| ZELENNY MARTINEZ | |||||||||||
| 128903 | 0 | 11212 | 0 | 6770 | 0 | 12476 | 0 | 13772 | 0 | 173133 | 0 |
| WILLIAM KOCH | |||||||||||
| 84937 | 0 | 35212 | 0 | 12842 | 0 | 8528 | 0 | 13288 | 0 | 154807 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PERSONS WHO RECEIVED A SEVERANCE PAYMENT AND AMOUNT OF PAYMENT | Identifier |
| Return Reference | SCHEDULE J, PART I, QUESTION 4A | ReturnReference |
| Explanation | JUAN GARZA RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $1,050,000 | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PROCESS TO REVIEW FORM 990 | FORM 990, PART VI, QUESTION 11B | A COPY OF THE FORM 990 WAS PROVIDED AND REVIEWED BY THE FINANCE DEPARTMENT AND THE BOARD OF DIRECTORS AFTER COMPLETED BY TAX PREPARERS AND BEFORE IT WAS FILED WITH THE IRS. |
| GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC | FORM 990, PART VI, QUESTION 19 | THE ORGANIZATION DOES MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA ITS WEBSITE. |
| PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY | FORM 990, PART VI, QUESTION 12C | THE CONFLICT OF INTEREST POLICY REQUIRES ANNUAL COMPLETION OF A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM BY ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, OR MANAGERS OF THE COOPERATIVE. THE FORM, WHICH IS PART OF THE POLICY, INCLUDES AN AFFIRMATION THAT THE INDIVIDUAL WILL INFORM THE BOARD OF ANY NEW CONFLICT AFFECTING THEMSELVES OR ANY OTHER PERSON. EACH JANUARY, THESE DOCUMENTS ARE SOLICITED AND GATHERED BY THE CUSTODIAN OF THESE RECORDS, WHICH INCLUDES THE BOARD'S SECRETARY FOR BOARD MEMBERS AND PEC'S HUMAN RESOURCES DEPARTMENT FOR APPLICABLE EMPLOYEES. APPLICABLE PERSONS WHO JOIN THE COOPERATIVE ARE SUBJECT TO THE POLICY AND ARE RQUIRED TO FILE THE FORM AT THE OUTSET OF THEIR EMPLOYMENT OR DIRECTORSHIP. THE FIELD REPORTS ARE FORMALLY ACCEPTED BY THE BOARD PRESIDENT AND MADE A PART OF THE PUBLIC RECORD AT A MEETING OPEN TO COOPERATIVE MEMBERSHIP. |
| DECISION OF GOVERNING BODY SUBJECT TO APPROVAL | FORM 990, PART VI, QUESTION 7B | UNDER PEC'S BYLAWS AND ARTICLES OF INCORPORATION, THE CORPORATION MAY NOT SELL OR TRANSFER ALL OR SUBSTANTIALLY ALL OF ITS ASSETS WITHOUT THE APPROVAL OF TWO-THIRDS OF ALL MEMBERS OF THE COOPERATIVE EITHER IN PERSON OR BY PROXY. ANY AMENDMENT TO THAT SECTION OF THE ARTICLES OF INCORPORATION REQUIRES A MAJORITY VOTE OF ALL MEMBERS. TEXAS UTILITY CODE 161.151(A) REQUIRES ANY OTHER PROPOSED AMENDMENT TO THE ARTICLES OF INCORPORATION TO BE APPROVED BY A MAJORITY OF THE MEMBERS REPRESENTED IN PERSON OR BY PROXY AT A MEETING OF MEMBERS CALLED FOR THAT PURPOSE. THE LAW DOES NOT SPECIFICALLY REQUIRE BOARD APPROVAL OF AN AMENDMENT TO THE ARTICLES OF INCORPORATION, BUT AS A MATTER OF PRACTICE, ANY MEMBER VOTE WOULD LIKELY BE PURSUANT TO BOARD APPROVAL. ADDITIONALLY, PEC BYLAWS RESERVE TO MEMBERSHIP THE POWER TO REMOVE DIRECTORS FROM THE BOARD BY A VOTE OF 10% OF THE MEMBERSHIP, WITH NO REQUIREMENT FOR BOARD APPROVAL. AND, THE BYLAWS ALLOW MEMBERS TO CALL A MEETING BY A PETITION SIGNED BY AT LEAST 10% OF MEMBERS. |
| COMMITTEE'S AUTHORITY TO ACT ON BEHALF OF GOVERNING BODY | FORM 990, PART VI, QUESTION 8B | THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| REVIEW AND APPROVAL OF COMPENSATION | FORM 990, PART VI, QUESTIONS 15A & 15B | A COMPREHENSIVE COMPENSATION ASSESSMENT IS RUN ON NEWLY PROMOTED OR NEWLY HIRED EXECUTIVE POSITIONS TO DETERMINE THE MOST APPROPRIATE BEGINNING SALARY FOR THAT POSITION. THE COMPARABLE MARKET USED IS THAT OF A COMPANY IN THE ENERGY AND UTILITIES INDUSTRY IN AUSTIN, TEXAS WITH 500-1000 FTES. INDIVIDUAL FACTORS ARE ALSO USED IN DETERMINING THE APPROPRIATE BEGINNING SALARY. THESE INDIVIDUAL FACTORS INCLUDE EMPLOYEE TRAITS, SUCH AS YEARS OF EXPERIENCE, EDUCATION, AND CERTIFICATIONS, AS WELL AS, JOB TRAITS, SUCH AS WHOM THE POSITION REPORTS TO, NUMBER OF DIRECT REPORTS, AND JOB DUTIES. POSITIONS ARE MOST CLOSELY MATCHED TO A JOB DESCRIPTION IN THE COMPENSATION DATABASE WITH SIMILAR JOB DUTIES, EDUCATION, AND EXPERIENCE REQUIREMENTS. IN SOME CASES, DEPENDING ON THE POSITION, A HYBRID OF THE JOB IS COMPLETED TO MORE ACCURATELY REFLECT THE PEC POSITION JOB DUTIES. THE BEGINNING PROPOSED BASE SALARY IS BETWEEN THE 25TH AND 50TH PERCENTILE OF THE PREDICTED MEDIAN MARKET SALARY TAKING INTO CONSIDERATION TOTAL COMPENSATION. THE COST OF BENEFITS FOR PEC AT THIS LEVEL IS TYPICALLY BETWEEN 21% AND 45%. THE COST OF BENEFITS FOR THE MARKET IS TYPICALLY BETWEEN 23% AND 32%. |
| CLASSES OF MEMBERS OR STCOKHOLDERS | FORM 990, PART VI, QUESTION 6 | PEDERNALES ELECTRIC COOPERATIVE, INC. (PEC) IS A NOT-FOR-PROFIT ELECTRIC COOPERATIVE CORPORATION OWNED BY THE MEMBERS IT SERVES. |
| MEMBERS OR STOCKHOLDERS WHO CAN ELECT MEMBERS OF THE GOVERNING BODY | FORM 990, PART VI, QUESTION 7A | BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE. |
| ADDRESS OF THOSE WHO CANNOT BE REACHED AT ORGANIZATION'S MAILING ADDRESS | FORM 990, PART VI, QUESTION 9 | JUAN GARZA 7004 ONE OAK RD. AUSTIN, TX 78749-2331 OC HARMON 596 CR 401 BRADY, TX 76825 RB FELPS PO BOX 97 JOHNSON CITY, TX 78636 |
| OTHER CHANGES IN NET ASSETS | FORM 990, PART XI, LINE 5 | ROUNDING $ 6 EQUITY IN SUBSIDIARY EARNINGS ($664,949) CHANGE IN MEMBERSHIP CERTIFICATES $150,975 -------------- ($513,968) |
| SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS | FORM 990, PART VI, QUESTION 4 | IN JUNE 2010, THE MEMBERS VOTED TO APPROVE THE ADDITION OF A MEMBER BILL OF RIGHTS (MBOR) TO THE ARTICLES OF INCORPORATION. THE MBOR CEMENTS REFORMS OF RECENT YEARS, PROVDING ITS GUARANTEES CAN ONLY BE CHANGED BY A VOTE OF TWO-THIRDS OF MEMBERS VOTING. THE MBOR GUARANTEES FAIR AND OPEN ELECTIONS AND MEMBER ACCESS TO COOP RECORDS AND BOARD MEETINGS. ALSO, MEMBERS APPROVED A CHANGE ALLOWING A DIRECTOR VACANCY TO REMAIN OPEN IN CERTAIN CIRCUMSTANCES UNTIL A NEW DIRECTOR CAN BE ELECTED (RATHER THAN FILLING THE VACANCY BY BOARD APPOINTMENT). IN NOVEMBER 2010, THE BOARD OF DIRECTORS APPROVED AN EXTENSIVE CLEANUP, RECODIFICATION AND REVISION OF THE PEC BYLAWS. THIS ACTION CULMINATED NEARLY TWO YEARS OF STUDY AND CONSIDERATION, INCLUDING NUMEROUS OPPORTUNITIES FOR MEMBER (CUSTOMER) COMMENT AND SUGGESTIONS. THE NEW BYLAWS: IN ADDITION TO IMPROVING THE READABILITY OF THE BYLAWS, THE NEW VERSION MADE SIGNIFICANT SUBSTANTIVE CHANGES, NAMELY: LOWERED FROM 25% TO 10% THE QUOTIENT OF MEMBERS REQUIRED TO VOTE TO REMOVE A DIRECTOR FROM OFFICE FOR CAUSE; ADDED A PROVISION ALLOWING DISQUALIFICATION OF ANY DIRECTOR WHO GOES OUT OF COMPLIANCE WITH QUALIFICATIONS FOR OFFICE; STRENGTHENED AND MODERNIZED THE CONFLICT-OF-INTEREST PROVISIONS; SPECIFICALLY DISALLOWED BOARD APPROVAL OF ANY SALE OF ASSETS OR DISSOLUTION OF COOP ASSETS BY WHICH THE BOARD WOULD BENEFIT MORE THAN NON-DIRECTOR COOPERATIVE MEMBERS; CHANGED PROCESS FOR FILLING VACANT DIRECTOR SEAT(S) TO REQUIRE ELECTION AND MEMBER VOTE FOR RATHER THAN BOARD APPOINTMENT OF REPLACEMENT; CHANGED NOMINATION REQUIREMENT TO INCREASE THE NUMBER OF SIGNATURES NEEDED FOR NOMINATION (FROM 25 TO 100) AND TO REQUIRE THAT ALL SIGNATURES COME FROM WITHING THE NOMINEES HOME DISTRICT; AND IMPOSED DIRECTOR TERM LIMITS OF FOUR CONSECUTIVE THREE YEAR TERMS. |
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 | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| PEC SCHOLARSHIP FUND | |||||||||
| 201 S AVENUE F | JOHNSON CITY | TX | 78636 | 742897600 | SCHOLARSHIPS | TX | 501(C)(3) | PF | NA |
| PEC UNITED CHARITIES INC | |||||||||
| PO BOX 1 | JOHNSON CITY | TX | 78636 | 742491188 | CHARITABLE | TX | 501(C)(3) | 7 | NA |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ENVISION UTILITY SOFTWARE CORP | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4401 MASTHEAD NE SUITE 160 | AddressLine1 |
| City | ALBUQUERQUE | City |
| State | NM | State |
| ZIP Code | 87109 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 850388107 | EIN |
| Primary Activity | SOFTWARE DEVELOP | PrimaryActivity |
| Legal Domicile State | NM | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C CORPORATION | TypeOfEntity |
| Share Of Total Income | -664950 | ShareOfTotalIncome |
| Share Of EOY Assets | 387203 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | 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 | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| PEC UNITED CHARITIES INC | |
| B | 164014 |
| PEC SCHOLARSHIP FUND | |
| B | 37000 |