RURAL ELECTRIC CONVENIENCE COOPERATIVE CO: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: RURAL ELECTRIC CONVENIENCE COOPERATIVE CO (EIN 37-0495772)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-11-14
IRS object ID: 201133189349306138
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-11-14T14:06:37-08:00	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	DREYER & KELSO PC PA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	5799 BROADMOOR SUITE 712	AddressLine1
City	MISSION	City
State	KS	State
ZIP Code	66202	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	370495772	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	RURAL ELECTRIC CONVENIENCE COOPERATIVE CO	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	RURA	NameControl
Phone	2174386197	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 19	AddressLine1
City	AUBURN	City
State	IL	State
ZIP Code	626150019	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DAVID STUVA	Name
Title	CEO	Title
Phone	2174386197	Phone
Date Signed	2011-11-07	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	D BOURK DREYER CPA	Name
Phone	9138311150	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	DAVID STUVA	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	P O BOX 19	AddressLine1
City	AUBURN	City
State	IL	State
ZIP Code	62615	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	14713160	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1936	YearFormation
State Legal Domicile	IL	StateLegalDomicile
Activity Or Mission Description	AS AN ENERGY AND SERVICES COOPERATIVE, OUR MEMBERS' NEEDS ARE RURAL ELECTRIC CONVENIENCE COOPERATIVE'S FIRST PRIORITY	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	32	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	11999	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	14169324	ProgramServiceRevenuePriorYear
Program Service Revenue CY	14586458	ProgramServiceRevenueCY
Investment Income Prior Year	21224	InvestmentIncomePriorYear
Investment Income Current Year	20997	InvestmentIncomeCurrentYear
Other Revenue Prior Year	210685	OtherRevenuePriorYear
Other Revenue Current Year	105705	OtherRevenueCurrentYear
Total Revenue Prior Year	14401233	TotalRevenuePriorYear
Total Revenue Current Year	14713160	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	1344370	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	13630136	OtherExpensePriorYear
Other Expenses Current Year	13161518	OtherExpensesCurrentYear
Total Expenses Prior Year	13630136	TotalExpensesPriorYear
Total Expenses Current Year	14505888	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	771097	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	207272	RevenuesLessExpensesCY
Total Assets BOY	34317488	TotalAssetsBOY
Total Assets EOY	35610280	TotalAssetsEOY
Total Liabilities BOY	24484091	TotalLiabilitiesBOY
Total Liabilities EOY	25573119	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	9833397	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	10037161	NetAssetsOrFundBalancesEOY
Mission Description	AS AN ENERGY AND SERVICES	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	PROVIDE ELECTRIC SERVICE TO CONSUMER/MEMBERS METERS	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
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	true	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
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
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	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	14	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	32	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
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	1489640	GrossIncomeFromMembers
Gross Income Other Sources	364432	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	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
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	DAVID STUVA	NamePerson
Telephone Number	2174386197	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	P O BOX 19	AddressLine1
City	AUBURN	City
State	IL	State
ZIP Code	626150019	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	Key EmployeeKeyEmployee
JIMMY AYERS
DIRECTOR	5.00	X	8645	0	0
LEE MARTEN
DIRECTOR	4.00	X	1580	0	0
JOHN BEATTY
DIRECTOR	4.00	X	8510	0	0	X
CASSIE EIGENMANN
DIRECTOR	4.00	X	8060	0	0
THOMAS DOWSON
DIRECTOR	4.00	X	7370	0	0
ERVIN SHORES
DIRECTOR	4.00	X	10370	0	0
MELVIN REPSCHER
DIRECTOR	4.00	X	7210	0	0
DAVID WHITE
DIRECTOR	4.00	X	3990	0	0
CHRIS WILCOX
DIRECTOR	4.00	X	5520	0	0
DEAN FUCHS
MGR OF FINANCE	45.00		84589	0	60616	X
DAVID STUVA
PRESIDENT/CEO	60.00		131566	0	61890	X	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	277410	TotalReportableCompFromOrg
Total Other Compensation	122506	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount
OTHER MISC REVENUE	221000	64890
ELECTRIC REVENUE	221000	14514811
QUALIFIED POLE RENTAL	221000	6757	$6,757

Field	Value	IRS element (for citing)
Total Program Service Revenue	14586458	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	20909	TotalRevenueColumn
Exclusion	$20,909	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	88	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	88	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	88	TotalRevenueColumn
Related Or Exempt Function Income	88	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Unrelated Business RevenueUnrelatedBusinessRevenue	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
FORM 990-T REVENUE	221000	20051	20051
FORM 990-T EXPENSES	221000	-8052	-8052
CAPITAL CREDITS	900099	93706		93706

Field	Value	IRS element (for citing)
Total Other Revenue	105705	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	14713160	TotalRevenueColumn
Related Or Exempt Function Income	14673495	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	11999	UnrelatedBusinessRevenue
Exclusion	$27,666	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	277410	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1066960	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	642276	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1142563	Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal
PURCHASED POWER	9612437
TAXES	94085
ADMINISTRATIVE AND GENERAL	319576
DISTRIBUTION OPERATIONS	207679
DISTRIBUTION MAINTENANCE	712367

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	430535	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	14505888	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	117602	BOY
EOY	92518	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1713880	BOY
EOY	1483903	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	313046	BOY
EOY	421073	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	2754894	BOY
EOY	2828255	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	41820441	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	12249495	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	28234890	BOY
EOY	29570946	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	1183176	BOY
EOY	1213585	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	34317488	BOY
EOY	35610280	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	2118468	BOY
EOY	2130176	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	305357	BOY
EOY	277610	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	21884100	BOY
EOY	22976722	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	176166	BOY
EOY	188611	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	24484091	BOY
EOY	25573119	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	326191	BOY
EOY	329318	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	9507206	BOY
EOY	9707843	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	9833397	BOY
EOY	10037161	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	34317488	BOY
EOY	35610280	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	207272	ReconcilationRevenueExpenses
Reconcilation Other Changes	-3508	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	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5284	OtherCostOrOtherBasis
Book Value	5284	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	688859	OtherCostOrOtherBasis
Depreciation	414377	Depreciation
Book Value	274482	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3158695	OtherCostOrOtherBasis
Depreciation	2419662	Depreciation
Book Value	739033	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	37967603	OtherCostOrOtherBasis
Depreciation	9415456	Depreciation
Book Value	28552147	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	29570946	TotalOfBookValueLandBuildings

Investments Program Related InvestmentsProgramRelated (3 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
INVESTMENTS IN ASSOCIATED ORGANIZATIONS	230792	C
NRUCFC TERM CERTIFICATES	425969	C
OTHER INVESTMENTS	556824	C

Field	Value	IRS element (for citing)
Total Of Book Value Program Related	1213585	TotalOfBookValueProgramRelated

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	$188,609
ROUNDING	$2

Field	Value	IRS element (for citing)
Total Of Amounts	188611	TotalOfAmounts
Total Revenue	14713160	TotalRevenue
Total Expenses	14505888	TotalExpenses
Excess Or Deficit For Year	207272	ExcessOrDeficitForYear
Excess Or Deficit Per FS	207272	ExcessOrDeficitPerFS

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
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	DAVID STUVA	NamePerson
Base Compensation Filing Org	131566	BaseCompensationFilingOrg
Deferred Comp Filing Org	51585	DeferredCompFilingOrg
Nontaxable Benefits Filing Org	10305	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	193456	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI-A, Line 6	MEMBER OWNED COOPERATIVE
Pt VI-A, Line 7a	ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP
Pt VI-A, Line 7b	MEMBERS APPROVE ALL BYLAW CHANGES
Pt VI-B, Line 11a	REVIEWD BY MANAGEMENT AND EMAILED TO BOARD MEMBERS
Pt VI-B, Line 12c	ANNUAL INTERNAL REVIEW
Pt VI-B, Line 15	ANNUAL BOARD REVIEW
Pt XI	RETIREMENT OF PATRONS CAPITAL CREDITS AND CHANGES IN
	OTHER EQUITIES
Form 990, Part IX, Line 24f	CONSUMER ACCOUNTS 234973. CUSTOMER ASSISTANCE 147751. TRANSMISSION EXPENSE 29268. GENERATION EXPENSE 18543.