MACON ELECTRIC COOPERATIVE: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: MACON ELECTRIC COOPERATIVE (EIN 43-0388909)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-08-15
IRS object ID: 201132279349300533
Schema version: 2010v3.4
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 C
Schedule D
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-08-15T11:06:36-05:00	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	Schmidt and Company LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1701 SW US Highway 40	AddressLine1
City	Blue Springs	City
State	MO	State
ZIP Code	64015	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	430388909	EIN

Name Name

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

Field	Value	IRS element (for citing)
Name Control	MACO	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 157	AddressLine1
City	Macon	City
State	MO	State
ZIP Code	63552	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DOUGLAS W DRAKE	Name
Title	GM	Title
Phone	6603853157	Phone
Date Signed	2011-08-15	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Roger Schmidt Jr	Name
Phone	8162290277	Phone
Date Prepared	2011-08-15	DatePrepared

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	WAYNE HACKMEN	NameOfPrincipalOfficerPerson
Gross Receipts	23407517	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1935	YearFormation
State Legal Domicile	MO	StateLegalDomicile
Activity Or Mission Description	SALE OF ELECTRICITY TO MEMBERS	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	49	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	21241067	ProgramServiceRevenuePriorYear
Program Service Revenue CY	22980242	ProgramServiceRevenueCY
Investment Income Prior Year	34581	InvestmentIncomePriorYear
Investment Income Current Year	272889	InvestmentIncomeCurrentYear
Other Revenue Prior Year	36686	OtherRevenuePriorYear
Other Revenue Current Year	154386	OtherRevenueCurrentYear
Total Revenue Prior Year	21312334	TotalRevenuePriorYear
Total Revenue Current Year	23407517	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	19505710	OtherExpensePriorYear
Other Expenses Current Year	20673033	OtherExpensesCurrentYear
Total Expenses Prior Year	19505710	TotalExpensesPriorYear
Total Expenses Current Year	20673033	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	1806624	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	2734484	RevenuesLessExpensesCY
Total Assets BOY	44356211	TotalAssetsBOY
Total Assets EOY	46641898	TotalAssetsEOY
Total Liabilities BOY	22584848	TotalLiabilitiesBOY
Total Liabilities EOY	23293963	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	21771363	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	23347935	NetAssetsOrFundBalancesEOY
Mission Description	SALE OF ELECTRICITY TO MEMBERS	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	20673033	Expense
Revenue	23407517	Revenue
Description	SOLD AND DISTRIBUTED ELECTRICITY TO RURAL MEMBERS	Description
Total Program Service Expense	20673033	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	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	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
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	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	true	DisregardedEntity
Related Entity	false	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	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	49	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
Gross Income From Members	22222016	GrossIncomeFromMembers
Gross Income Other Sources	584866	GrossIncomeOtherSources
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	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	false	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	false	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	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Written Policy Or Procedure	false	WrittenPolicyOrProcedure
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	KAY SMITH	NamePerson
Telephone Number	6603853157	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 157	AddressLine1
City	Macon	City
State	MO	State
ZIP Code	63552	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (11 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
GLENDA SUE WOOD
DIR	10.00	X	3024	0	0
HAROLD BEACH
DIR	5.80	X	13844
IVAN CARROLL
VP	3.00	X	1322			X
KEMPER WALKER
DIR	8.00	X	15778
KENNETH LYLE WOOLDRIDGE
DIR	5.70	X	15778
LARRY ROBUCK
DIR	8.80	X	16978
MARY CAROLINE LIEBHART
SEC-TREAS	6.50	X	8845			X
RICHARD MAUPIN
PRES	5.50	X	15536			X
ROBERT LONG
DIR	3.80	X	2702
KAY SMITH
OFFICE MANAGER	40.00		89948			X
WAYNE HACKMEN
GM	40.00		136396			X	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	320151	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
T and T TREE SERVICE
30270 STATE HWY 3	La Plata	MO	63549	ROW CLEARING	208734
BUSY BEE TREE SERVICE
15717 215TH ST	Lewistown	MO	63452	ROW CLEARING	192716
CROFT ELECTRICAL CONTRACTORS INC
226 HWY KK	Troy	MO	63379	POLE CHANGE OUTS	127951

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	3	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
SALE OF ELECTRICITY	221000	22080307	22080307
CAPITAL CREDITS	221000	882261	882261
POLE RENTAL REVENUE	221000	17674		$17,674

Field	Value	IRS element (for citing)
Total Program Service Revenue	22980242	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	272889	TotalRevenueColumn
Exclusion	$272,889	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISCELLANEOU	Description
Business Code	900099	BusinessCode
Total Revenue Column	154386	TotalRevenueColumn
Related Or Exempt Function Income	154386	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	154386	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	23407517	TotalRevenueColumn
Related Or Exempt Function Income	23116954	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$290,563	ExclusionAmount

Interest Interest

Field	Value	IRS element (for citing)
Total	900809	Total
Program Services	900809	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1276184	Total
Program Services	1276184	ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
COST OF POWER PURCHASED	13322849	13322849
OPERATING EXP DISTRIBUTI	900106	900106
MAINTENANCE OF DISTRIBUT	2115881	2115881
ACCOUNTING COLLECTION EX	582189	582189
OTHER CUSTOMER EXPENSES	341685	341685

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1233330	Total
Program Services	1233330	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	20673033	Total
Program Services	20673033	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1864550	BOY
EOY	2207339	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	2143183	BOY
EOY	2065558	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	357791	BOY
EOY	381090	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	875832	BOY
EOY	356596	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	42875988	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	10780967	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	30139225	BOY
EOY	32095021	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	8780459	BOY
EOY	9377859	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	195171	BOY
EOY	158435	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	44356211	BOY
EOY	46641898	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1651489	BOY
EOY	1095666	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	20933359	BOY
EOY	22198297	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	22584848	BOY
EOY	23293963	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	4795	BOY
EOY	5120	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	21766568	BOY
EOY	23342815	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	21771363	BOY
EOY	23347935	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	44356211	BOY
EOY	46641898	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	2734484	ReconcilationRevenueExpenses
Reconcilation Other Changes	-1157912	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	false	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule C IRS990ScheduleC

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	42875988	InvestmentCostOrOtherBasis
Depreciation	10780967	Depreciation
Book Value	32095021	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	32095021	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (6 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
FEDERATED	100618	C
NRUCFC	683407	C
NORTHEAST MO ELECTRIC POWER CO	8122777	C
ARKANSAS ELECTRIC COOP	98092	C
RAM DEVELOPMENT CORP	230500	C
MISC	142465	C

Field	Value	IRS element (for citing)
Total Of Book Value Securities	9377859	TotalOfBookValueSecurities

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	DEFERRED DEBITS	Description
Book Value	158435	BookValue

Field	Value	IRS element (for citing)
Total Book Value Other Assets	158435	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
RDUP	$9,504,780
NRUCFC	$3,445,818
DEFERRED CREDITS	$334,774
FFB	$8,912,925

Field	Value	IRS element (for citing)
Total Of Amounts	22198297	TotalOfAmounts
Total Revenue	23407517	TotalRevenue
Total Expenses	20673033	TotalExpenses
Excess Or Deficit For Year	2734484	ExcessOrDeficitForYear
Excess Or Deficit Per FS	2734484	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	23407517	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	23407517	RevenueSubtotal
Total Revenue Per Form990	23407517	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	20673033	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	20673033	ExpensesSubtotal
Total Expenses Per Form990	20673033	TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	ExplanationExplanation
01. Members or stockholder classes and rights (Part VI, line 6)	Member owned cooperative
02. Member election for additional members (Part VI, line 7a)	Each member of the cooperative shall be entitled to vote in the election of the board of directors
03. Form 990 governing body review (Part VI, line 11)	Management and paid preparer review drafts of the Form 990 prior to efiling
04. Conflict of interest policy compliance (Part VI, line 12c)	Annual and periodic reviews of the policy are made by board and management staff at regular monthly board meetings
05. Governing documents, etc, available to public (Part VI, line 19)	Governing documents and financial statements are made available to the public upon request
06. Explanation of other changes in net assets or fund balances (Part XI, line 5)	Other changes in net assets includd changes in donated capital appropriated earnings capital credits gain and patrons capital credits during the year

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	MACON ELECTRIC SERVICE COMPANY	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	31571 BUSINESS RT 36	AddressLine1
City	Macon	City
State	MO	State
ZIP Code	63552	ZIPCode

Field	Value	IRS element (for citing)
EIN	431857953	EIN
Primary Activities	HVAC SERVICES	PrimaryActivities
Legal Domicile State	MO	LegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

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