BRAZOS ELECTRIC POWER COOPERATIVE INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- BRAZOS ELECTRIC POWER COOPERATIVE INC (EIN 74-0524729)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-15
- IRS object ID
- 201133199349302898
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-15T10:09:50-06:00 | 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 | PRICEWATERHOUSECOOPERS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 WALNUT SUITE 1300 | AddressLine1 |
| City | KANSAS CITY | City |
| State | MO | State |
| ZIP Code | 64106 | 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 | 740524729 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRAZOS ELECTRIC POWER COOPERATIVE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BRAZ | NameControl |
| Phone | 2547506500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2404 LASALLE AVE PO BOX 2585 | AddressLine1 |
| City | WACO | City |
| State | TX | State |
| ZIP Code | 767022585 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CLIFTON KARNEI | Name |
| Title | EXECUTIVE VP & GNERAL MANAGER | Title |
| Date Signed | 2011-11-10 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8164727921 | 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 | CLIFTON KARNEI | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2404 LASALLE AVE PO BOX 2585 | AddressLine1 |
| City | WACO | City |
| State | TX | State |
| ZIP Code | 767022585 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1001250009 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.brazoselectric.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1941 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE VALUED SERVICE TO OUR MEMBERS AND CUSTOMERS BY GENERATING, PROCURRING, AND TRANSMITTING RELIABLE POWER AT THE LOWEST COST. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 406 | TotalNbrEmployees |
| Total Gross UBI | 2936 | TotalGrossUBI |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 957671803 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 991820797 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 708322 | InvestmentIncomePriorYear |
| Investment Income Current Year | 5049507 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 5042235 | OtherRevenuePriorYear |
| Other Revenue Current Year | 4372052 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 963422360 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1001242356 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 28209004 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 29299277 | 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 | 878656117 | OtherExpensePriorYear |
| Other Expenses Current Year | 912402662 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 906865121 | TotalExpensesPriorYear |
| Total Expenses Current Year | 941701939 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 56557239 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 59540417 | RevenuesLessExpensesCY |
| Total Assets BOY | 2215675569 | TotalAssetsBOY |
| Total Assets EOY | 2662336888 | TotalAssetsEOY |
| Total Liabilities BOY | 1893766292 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2280869824 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 321909277 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 381467064 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO PROVIDE VALUED SERVICE TO OUR MEMBERS AND CUSTOMERS BY GENERATING, PROCURRING, AND TRANSMITTING RELIABLE POWER AT THE LOWEST COST. WE WILL PROVIDE EXCELLENT CUSTOMER SERVICE WHILE PRACTICING THE HIGHEST DEGREE OF INTEGRITY. THE MEMBERS, CUSTOMERS, AND EMPLOYEES ARE BRAZOS ELECTRIC COOPERATIVE'S MOST VALUED ASSETS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | BRAZOS ELECTRIC COOPERATIVE WAS FORMED FOR THE PURPOSE OF FURNISHING DEPENDABLE AND ECONOMICAL WHOLESALE ELECTRIC POWER AND ENERGY FOR RURAL DISTRIBUTION COOPERATIVES. BRAZOS SERVES SIXTEEN MEMBER COOPS AND TWO MUNICIPALITIES. | Description |
| 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 | 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 | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| 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 | true | 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 | 310 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 406 | 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 | 965870642 | GrossIncomeFromMembers |
| Gross Income Other Sources | 35371714 | GrossIncomeOtherSources |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | 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 | 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 |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MS KHAKI BORDOVSKY | NamePerson |
| Telephone Number | 2547506500 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2404 LASALLE AVE | AddressLine1 |
| City | WACO | City |
| State | TX | State |
| ZIP Code | 76706 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (26 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 |
|---|---|---|---|---|---|---|---|---|
| DENNIS MCWHORTER | ||||||||
| PRESIDENT | 17.0 | X | X | 32400 | 600 | |||
| RICK HAILE | ||||||||
| VICE PRESIDENT | 10.0 | X | X | |||||
| AUDIE MORRIS | ||||||||
| SECRETARY-TREASURER | 8.0 | X | X | 16200 | 600 | |||
| STEVE YOUNG | ||||||||
| DIRECTOR | 4.5 | X | ||||||
| HENRY BRADFORD | ||||||||
| DIRECTOR | 5.0 | X | 18000 | 600 | ||||
| RICK ICKERT | ||||||||
| DIRECTOR | 6.0 | X | 16200 | |||||
| ADAM BEREND | ||||||||
| DIRECTOR | 5.0 | X | 18000 | |||||
| GLENN JONES | ||||||||
| DIRECTOR | 6.0 | X | 15600 | 600 | ||||
| LARRY BAYS | ||||||||
| DIRECTOR | 6.0 | X | 18000 | |||||
| LARRY CORBETT | ||||||||
| DIRECTOR | 9.0 | X | 16200 | 600 | ||||
| JAMES CALHOUN | ||||||||
| DIRECTOR | 5.0 | X | 16200 | |||||
| CLYDE GEER | ||||||||
| DIRECTOR | 5.0 | X | 17400 | |||||
| BILLY JONES | ||||||||
| DIRECTOR | 5.0 | X | 15000 | |||||
| GEORGE THEISS | ||||||||
| DIRECTOR | 12.0 | X | 17400 | |||||
| MONTY CARLISLE | ||||||||
| DIRECTOR | 5.0 | X | 18000 | |||||
| JORDEN WOOD | ||||||||
| DIRECTOR | 6.0 | X | 18000 | |||||
| CLIFTON KARNEI | ||||||||
| EXEC VP & GEN MGR | 50.4 | X | 706928 | 25464 | ||||
| KHAKI BORDOVSKY | ||||||||
| VP - SERVICES | 45.0 | X | 317649 | 22864 | ||||
| HUGH LENOX | ||||||||
| VP - POWER SUPPLY & MKTNG | 45.4 | 308375 | 20411 | X | ||||
| J A YORK | ||||||||
| VP - TRANSMISSION | 50.0 | 311233 | 24164 | X | ||||
| DAVID MURPHY | ||||||||
| VP - GENERATION | 49.6 | 440400 | 8701 | X | ||||
| JOSH CLEVENGER | ||||||||
| MANAGER MARKET OPERATIONS | 43.3 | 168839 | 7664 | X | ||||
| BILLY HELPERT | ||||||||
| MANAGER POWER SUPPLY | 41.0 | 171823 | 14185 | X | ||||
| CHUCK ESTES | ||||||||
| JACK CO II PROJECT MANAGER | 44.0 | 152303 | 16351 | X | ||||
| KYLE MINNIX | ||||||||
| MANAGER POWER SUPPLY | 46.6 | 141448 | 3911 | X | ||||
| JEFF NOTTINGHAM | ||||||||
| PLANT MANAGER | 45.7 | 143053 | 6780 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3114651 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 3000 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 150495 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FLUOR ENTERPRISES | |||||
| PO Box 847363 | DALLAS | TX | 752847363 | GENERATION CONSTRUCT | 211000767 |
| TESSCO UTILITY SERVICES | |||||
| PO Box 1999 | MIDLAND | TX | 79702 | TRANSMISSION CONSTRU | 9641567 |
| TROY CONSTRUCTION | |||||
| PO BOX 450862 | HOUSTON | TX | 77245 | GENERATION CONSTRUCT | 10660964 |
| SIEMENS ENERGY INC | |||||
| DEPT CH10169 | PALATINE | IL | 600550169 | GENERATION MAINTENAN | 9849849 |
| HOLLOMAN CORPORATION | |||||
| 333 N SAM HOUSTON PARKWAY SUITE 6 | HOUSTON | TX | 77060 | GENERATION CONSTRUCT | 10068699 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 101 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| ELEC ENRGY SERVICE | 221000 | 977962963 | 977962963 |
| TRANSMISSION SERVICES | 221000 | 10428273 | 10428273 |
| ANCILLARY SERVICES | 221000 | 665159 | 665159 |
| SALE OF EXCESS NATURAL GAS | 221000 | 2660680 | 2660680 |
| MISCELLANEOUS ELECTRIC REVENUE | 221000 | 103722 | 103722 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 991820797 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4841842 | TotalRevenueColumn |
| Exclusion | $4,841,842 | 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 | 230535 | TotalRevenueColumn |
| Exclusion | $230,535 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 203297 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 203297 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 203297 | TotalRevenueColumn |
| Exclusion | $203,297 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 214819 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 7154 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 207665 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 207665 | TotalRevenueColumn |
| Exclusion | $207,665 | 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 519 | GrossSalesOfInventory |
| Cost Of Goods Sold | 499 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 20 | TotalRevenueColumn |
| Unrelated Business Revenue | 20 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| WORK FOR OTHERS | 221000 | 1536841 | 1536841 | |
| PATRONAGE CAPITAL | 221000 | 2248211 | 2248211 | |
| INVESTMENT INCOME | 541519 | 150232 | $150,232 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2916 | TotalRevenueColumn |
| Unrelated Business Revenue | 2916 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 3938200 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1001242356 | TotalRevenueColumn |
| Related Or Exempt Function Income | 995605849 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 2936 | UnrelatedBusinessRevenue |
| Exclusion | $5,633,571 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | 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 | 2337477 | 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 | 17425135 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2963776 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5160356 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1412533 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1737771 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 174998 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | 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 | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1410 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 333188 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3908381 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1853507 | 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 | 222168 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58116288 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44654280 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2372364 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| FUEL | 173924925 |
| MAINT - PRODUCTION - NOT LABOR | 23729438 |
| PURCHASED POWER | 572943790 |
| ENERGY EFFICIENCY | 2137021 |
| TAXES - PROPERTY & OTHER | 7596827 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18696306 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 941701939 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1034827 | BOY |
| EOY | 567671 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 428131 | BOY |
| EOY | 77130695 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95999693 | BOY |
| EOY | 85470034 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57298482 | BOY |
| EOY | 52858665 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 253588141 | BOY |
| EOY | 335524848 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2381803141 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 345458412 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1726296535 | BOY |
| EOY | 2036344729 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81029760 | BOY |
| EOY | 74440246 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2215675569 | BOY |
| EOY | 2662336888 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 87546701 | BOY |
| EOY | 75044975 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1607583976 | BOY |
| EOY | 1960564487 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 198635615 | BOY |
| EOY | 245260362 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1893766292 | BOY |
| EOY | 2280869824 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95 | BOY |
| EOY | 95 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 321909182 | BOY |
| EOY | 381466969 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 321909277 | BOY |
| EOY | 381467064 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2215675569 | BOY |
| EOY | 2662336888 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 59540417 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 17370 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Both | X | FinancialStatementBoth |
| 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 |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1754329751 | OtherCostOrOtherBasis |
| Depreciation | 345458412 | Depreciation |
| Book Value | 1408871339 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements | |
| Equipment | Equipment |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 627473390 | OtherCostOrOtherBasis |
| Book Value | 627473390 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2036344729 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED TAXES | $5,517,807 |
| ACCRUED INTEREST | $13,733,647 |
| ACCUMULATED OPERATING PROVISION | $63,925,805 |
| OTHER CURRENT AND ACCRUED LIAB | $136,798,771 |
| OBLIGATIONS - CAPITAL LEASES | $2,268,526 |
| DEFERRED CREDITS | $23,015,806 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 245260362 | TotalOfAmounts |
| Total Revenue | 1001242356 | TotalRevenue |
| Total Expenses | 941701939 | TotalExpenses |
| Excess Or Deficit For Year | 59540417 | ExcessOrDeficitForYear |
| Other | $17,370 | OtherAmount |
| Total Adjustments | 17370 | TotalAdjustments |
| Excess Or Deficit Per FS | 59557787 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 999730007 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 999730007 | RevenueSubtotal |
| Other Revenues Not Included | 1512349 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1512349 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1001242356 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 940172220 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 940172220 | ExpensesSubtotal |
| Other Expenses Not Included | 1529719 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1529719 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 941701939 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ACES LLC K-1 | Part XII, Line 4b | 17,370 |
| JOBBING EXPENSE | Part XII, Line 4b & Part XIII, Line 4b | 1,529,719 |
| ACES LLC K-1 | Part XI, Line 8 | -17,370 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | X | IndependentConsultant |
| 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 (8 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg |
|---|---|---|---|---|---|
| CLIFTON KARNEI | |||||
| 687998 | 0 | 18930 | 16500 | 8964 | 732392 |
| KHAKI BORDOVSKY | |||||
| 255355 | 45290 | 17004 | 16500 | 6364 | 340513 |
| HUGH LENOX | |||||
| 242122 | 40974 | 25279 | 16500 | 3911 | 328786 |
| J A YORK | |||||
| 245303 | 41866 | 24064 | 16500 | 7664 | 335397 |
| DAVID MURPHY | |||||
| 390144 | 34333 | 15923 | 8423 | 278 | 449101 |
| JOSH CLEVENGER | |||||
| 152788 | 5011 | 11040 | 7664 | 176503 | |
| BILLY HELPERT | |||||
| 155487 | 4807 | 11529 | 11327 | 2858 | 186008 |
| CHUCK ESTES | |||||
| 122362 | 4527 | 25414 | 16062 | 289 | 168654 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule J Part I Line 4a | Identifier |
| Explanation | DAVID MURPHY $124,419 | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (6 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| BRAZOS SANDY CREEK ELECTRIC COOPERA | |||
| SUBSIDIARY | 17283499 | CAPITAL CONTRIBUTIONS | false |
| BRAZOS SANDY CREEK ELECTRIC COOPERA | |||
| SUBSIDIARY | 116051 | PERFORMANCE OF SERVICES | false |
| BRAZOS SANDY CREEK ELECTRIC COOPERA | |||
| SUBSIDIARY | 371919 | REIMBURSEMENT OF EXPENSES | false |
| BRAZOS SANDY CREEK ELECTRIC COOPERA | |||
| SUBSIDIARY | 1207 | REIMBURSEMENT OF EXPENSES | false |
| BRAZOS FUEL COMPANY | |||
| SUBSIDIARY | 5122 | REIMBURSEMENT OF EXPENSES | false |
| BRAZOS FUEL COMPANY | |||
| SUBSIDIARY | 437 | PERFORMANCE OF SERVICES | false |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| WRITTEN CONFLICT OF INTEREST POLICY | PART VI SECTION B LINE 12C | ON AN ANNUAL BASIS THE DIRECTORS FILL OUT A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. ON A MONTHLY BASIS THE BOARD IS PROVIDED A SCHEDULE OF PAYMENTS MADE FOR SERVICES AND GOODS PROVIDED THE COOPERATIVE. |
| DOCUMENTS AVAILABLE TO THE PUBLIC | PART VI SECTION C LINE 19 | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| ORGANIZATION MEMBERS | PART VI SECTION A LINE 6 | BRAZOS ELECTRIC IS OWNED BY 16 MEMBER ELECTRIC DISTRIBUTION COOPERATIVES. |
| ELECTING MEMBERS OF THE GOVERNING BODY | PART VI SECTION A LINE 7A | EACH MEMBER ELECTS THEIR REPRESENTATIVE TO SERVE AS A DIRECTOR ON THE BRAZOS ELECTRIC POWER COOPERATIVE BOARD. |
| FORM 990 REVIEW PROCESS | PART VI SECTION B LINE 11A | THE FORM 990 IS PREPARED BY PRICEWATERHOUSECOOPERS. IT IS THEN REVIEWED BY THE MANAGER OF FISCAL SERVICES AND CONTROLLER, VICE PRESIDENT, SERVICES, AND THE EXECUTIVE VICE PRESIDENT AND GENERAL MANAGER BEFORE IT IS PRESENTED TO THE FINANCE AND AUDIT COMMITTEE OF THE BRAZOS BOARD FOR ITS REVIEW PRIOR TO ITS SUBMISSION TO THE IRS. |
| PROCESS OF DETERMINING COMPENSATION OF KEY OFFICIALS | PART VI SECTION B LINE 15 | CEO pay is determined by the Brazos Electric Board along with wage survey information that is provided by Watson Wyatt for CEO salaries. Each Board member fills out a performance evaluation on the CEO and then the Board members meet to discuss what the increase should be based off performance and tenure in the position. The 16 member Board is responsible for deciding on the pay of the CEO for Brazos Electric. Vice President pay is determined based on 2 components. Each Vice President's job title is placed in a Salary Grade based off wage survey studies Watson Wyatt have performed. Individual increases are based on performance, tenure and position within the Salary Grade. The CEO of Brazos Electric is responsible for evaluating increases for Vice Presidents. |
| OTHER CHANGES IN NET ASSETS | PAGE 12 PART XI LINE 5 | THE ADDITIONAL CHANGE IN NET ASSETS PER PART X, RELATES TO INCOME/(LOSS) RECEIVED FROM A PASS-THROUGH ENTITY SCHEDULE K-1. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BRAZOS FUEL COMPANY INC | |||||||||||
| PO BOX 2585 | Waco | TX | 767022585 | 741787410 | FUEL PRODUCTS | TX | NA | C CORP | -13401 | 148572 | 1.00000 |
| Brazos Sandy Creek Electric Cooperative | |||||||||||
| 2404 LASALLE AVE | WACO | TX | 76706 | 870806881 | GENERATE POWE | TX | NA | C CORP | 239205 | 579883053 | 1.00000 |
| 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 | true | 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 | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (6 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| BRAZOS SANDY CREEK ELECTRIC COOPERATIVE | |
| B | 17283499 |
| BRAZOS SANDY CREEK ELECTRIC COOPERATIVE | |
| K | 116051 |
| BRAZOS SANDY CREEK ELECTRIC COOPERATIVE | |
| P | 371919 |
| BRAZOS SANDY CREEK ELECTRIC COOPERATIVE | |
| O | 1207 |
| BRAZOS FUEL COMPANY | |
| K | 437 |
| BRAZOS FUEL COMPANY | |
| P | 5122 |