GUADALUPE VALLEY ELECTRIC COOPERATIVE INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- GUADALUPE VALLEY ELECTRIC COOPERATIVE INC (EIN 74-3023938)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-15
- IRS object ID
- 201133199349303033
- 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 | 2011-11-15T10:18:58-06:00 | 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 | PADGETT STRATEMANN & CO LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 811 BARTON SPRINGS ROAD SUITE 550 | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 78704 | 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 | 743023938 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GUADALUPE VALLEY ELECTRIC COOPERATIVE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GUAD | NameControl |
| Phone | 8308571200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 118 | AddressLine1 |
| City | GONZALES | City |
| State | TX | State |
| ZIP Code | 78629 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JUSTIN LOCKE | Name |
| Title | CFO | Title |
| Phone | 8308571200 | Phone |
| Date Signed | 2011-11-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JEFF ANDERSON | Name |
| Phone | 5124760717 | 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 | JUSTIN LOCKE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 118 | AddressLine1 |
| City | GONZALES | City |
| State | TX | State |
| ZIP Code | 78629 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 162890377 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.GVEC.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1938 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | PROVIDE LOW COST ELECTRICITY IN OUR FRANCHISED AREA | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 0 | NbrIndependentVotingMembers |
| Total Nbr Employees | 305 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 2192515 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 155107138 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 159192998 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 276897 | InvestmentIncomePriorYear |
| Investment Income Current Year | 119354 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3100758 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3578025 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 158484793 | TotalRevenuePriorYear |
| Total Revenue Current Year | 162890377 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 44008 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 72126 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1825120 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1854644 | 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 | 143579347 | OtherExpensePriorYear |
| Other Expenses Current Year | 150718472 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 145448475 | TotalExpensesPriorYear |
| Total Expenses Current Year | 152645242 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 13036318 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 10245135 | RevenuesLessExpensesCY |
| Total Assets BOY | 324563637 | TotalAssetsBOY |
| Total Assets EOY | 346982296 | TotalAssetsEOY |
| Total Liabilities BOY | 154520172 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 169758253 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 170043465 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 177224043 | NetAssetsOrFundBalancesEOY |
| Mission Description | BUILDING ON OUR HERITAGE & HAVING CONFIDENCE IN THE FUTURE, GUADALUPE VALLEY ELECTRIC COOPERATIVE IS A TEAM OF PROFESSIONALS COMMITTED TO EXCEEDING OUR MEMBERS' EXPECTATIONS BY IDENTIFYING & INVESTING IN PRODUCTS & SERVICES THAT FULFILL THE NEEDS OF THOSE WE SERVE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 152645242 | Expense |
| Revenue | 162771023 | Revenue |
| Description | THE COOPERATIVE WAS FORMED TO DISTRIBUTE ENERGY RELATED SERVICES TO ITS MEMBER CONSUMERS ON A COST BASIS. REVENUES IN EXCESS OF COST ARE RECORDED AS CAPITAL CREDITS. THE BYLAWS GOVERN ALLOCATION OF CAPITAL CREDITS. IN 2010, THE COOPERATIVE SERVED APPROXIMATELY 68,000 ACCOUNTS IN 13 COUNTIES. | Description |
| Total Program Service Expense | 152645242 | TotalProgramServiceExpense |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 67 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 305 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Gross Income From Members | 161385513 | GrossIncomeFromMembers |
| Gross Income Other Sources | 1504864 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 0 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD PORCHE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8308571200 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 825 E SARA DEWITT DR | AddressLine1 |
| City | GONZALES | City |
| State | TX | State |
| ZIP Code | 78629 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 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 |
|---|---|---|---|---|---|---|---|---|
| LEWIS BORGFELD | ||||||||
| PRESIDENT | 14.00 | X | X | 31794 | 4950 | 0 | ||
| HAROLD DEKUNDER | ||||||||
| DIRECTOR | 6.00 | X | 21469 | 3600 | 0 | |||
| EMMETT ENGELKE | ||||||||
| DIRECTOR | 8.00 | X | 23563 | 3600 | 0 | |||
| WA LOTT | ||||||||
| DIRECTOR | 5.00 | X | 20057 | 3600 | 0 | |||
| SHAWN MARTINEZ | ||||||||
| DIRECTOR | 8.00 | X | 24269 | 3600 | 0 | |||
| MARK ROBERTS | ||||||||
| DIRECTOR | 11.00 | X | 28769 | 3600 | 0 | |||
| HENRY SCHMIDT | ||||||||
| DIRECTOR | 9.00 | X | 24794 | 4950 | 0 | |||
| MELVIN STREY | ||||||||
| VICE PRESIDENT | 7.00 | X | X | 21638 | 4950 | 0 | ||
| DAVID WARZECHA | ||||||||
| DIRECTOR | 5.00 | X | 19369 | 3600 | 0 | |||
| ROBERT WERNER | ||||||||
| DIRECTOR | 6.00 | X | 20244 | 3600 | 0 | |||
| DON WILLIAMS | ||||||||
| SECRETARY/TRESURER | 8.00 | X | X | 22169 | 4950 | 0 | ||
| DARREN SCHAUER | ||||||||
| GENERAL MANAGER | 55.00 | X | 315301 | 6000 | 38820 | |||
| ROBERT CHRISTMAS | ||||||||
| CHIEF OPERATING OFFICER | 55.00 | X | 183380 | 0 | 30150 | |||
| JUSTIN LOCKE | ||||||||
| CHIEF FINANCIAL OFFICER | 55.00 | X | 164490 | 0 | 28081 | |||
| RICHARD PORCHE | ||||||||
| CONTROLLER | 55.00 | X | 108055 | 0 | 11399 | |||
| BERNARD ACRE | ||||||||
| IS DIVISION MANAGER | 55.00 | 165335 | 0 | 25816 | X | |||
| MICHAEL ABSHER | ||||||||
| MEMBER SERVICE MANAGER | 55.00 | 162813 | 0 | 28498 | X | |||
| JIMMY SPRINGS | ||||||||
| ADMINSTRATION MANAGER | 55.00 | 134670 | 0 | 24846 | X | |||
| LINDSEY LYDE | ||||||||
| CORPORATE SERVICES MGR | 55.00 | 129050 | 0 | 25583 | X | |||
| SEAN ALVAREZ | ||||||||
| OPERATIONS MANAGER | 55.00 | 118620 | 0 | 24556 | X | |||
| BOBBY O'NEAL | ||||||||
| ENGINEERING DEPT MGR | 55.00 | 114793 | 0 | 24466 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1854642 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 51000 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 262215 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| KBS ELECTRICAL (CC) | |||||
| PO BOX 4591 | BRYAN | TX | 77805 | ELECTRICAL | 2498564 |
| TEXAS ELECTRICAL COOOPERATIVE | |||||
| PO BOX 9589 | AUSTIN | TX | 78766 | WOOD POLES | 1870662 |
| SENDERO | |||||
| 1140 WESTPARK AVE | VICTORIA | TX | 77905 | BUILD ELECTRIC LINE | 1351975 |
| SOUTHEASTERN DATA COOP INC | |||||
| 100 ASHFORD CENTER NORTH | ATLANTA | GA | 30338 | COMPUTER SERVICES | 1026124 |
| LOWER COLORADO RIVER AUTHORITY | |||||
| 3505 MONTOPOLIS DR | AUSTIN | TX | 78744 | TRANSMISSION LINE MAINTENANCE | 888056 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 12 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ELECTRICITY/OTHER | Description |
| Business Code | 221000 | BusinessCode |
| Total Revenue Column | 159192998 | TotalRevenueColumn |
| Related Or Exempt Function Income | 159192998 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 159192998 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 119354 | TotalRevenueColumn |
| Exclusion | $119,354 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| MISC NONOPERATING INCO | 561000 | 2192515 | 2192515 | |
| PATRONAGE CAPITAL DIV | 900099 | 886596 | 886596 | |
| MISCELLANEOUS INCOME | 900099 | 498914 | 498914 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 3578025 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 162890377 | TotalRevenueColumn |
| Related Or Exempt Function Income | 160578508 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 2192515 | UnrelatedBusinessRevenue |
| Exclusion | $119,354 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37171 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34955 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1854644 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6179545 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12733972 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PURCHASED POWER | 110137105 |
| ADMIN AND GENERAL | 8647698 |
| DISTRIB - MAINTENANCE | 4841515 |
| DISTRIB - OPERATIONS | 2845053 |
| CONSUMER ACCOUNTS | 2795026 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2538558 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 152645242 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3242435 | BOY |
| EOY | 7609509 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17510509 | BOY |
| EOY | 15875581 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3157606 | BOY |
| EOY | 2696747 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 664968 | BOY |
| EOY | 720934 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 420929160 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 113333183 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 288070983 | BOY |
| EOY | 307595977 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9978525 | BOY |
| EOY | 10316147 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1938611 | BOY |
| EOY | 2167401 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 324563637 | BOY |
| EOY | 346982296 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22483535 | BOY |
| EOY | 31105416 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 102571001 | BOY |
| EOY | 99846638 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29465636 | BOY |
| EOY | 38806199 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 154520172 | BOY |
| EOY | 169758253 | 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 | 2155200 | BOY |
| EOY | 2110145 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 167888265 | BOY |
| EOY | 175113898 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 170043465 | BOY |
| EOY | 177224043 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 324563637 | BOY |
| EOY | 346982296 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 10245135 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -3064557 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 420929160 | OtherCostOrOtherBasis |
| Depreciation | 113333183 | Depreciation |
| Book Value | 307595977 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 307595977 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CONSUMER DEPOSITS | $1,392,485 |
| DEFERRED CREDITS | $13,413,714 |
| COMMERCIAL PAPER | $24,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 38806199 | TotalOfAmounts |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | EDUCATIONAL ASSISTANCE | TypeOfGrant |
| Number Of Recipients | 59 | NumberOfRecipients |
| Amount Of Cash Grant | 34955 | AmountOfCashGrant |
| Method Of Valuation | CASH | MethodOfValuation |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: PRIOR TO AWARDING A GRANT, GVEC ESTABLISHES AND CONFIRMS THAT A NEED EXISTS. THERE IS NOT A FORMAL FOLLOW-UP PROCEDURE. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (7 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 | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DARREN SCHAUER | |||||||||||||
| 315301 | 6000 | 0 | 0 | 0 | 0 | 24502 | 0 | 14318 | 0 | 354121 | 6000 | 0 | 0 |
| ROBERT CHRISTMAS | |||||||||||||
| 183380 | 0 | 0 | 0 | 0 | 0 | 16819 | 0 | 13331 | 0 | 213530 | 0 | 0 | 0 |
| JUSTIN LOCKE | |||||||||||||
| 164490 | 0 | 0 | 0 | 0 | 0 | 14969 | 0 | 13112 | 0 | 192571 | 0 | 0 | 0 |
| BERNARD ACRE | |||||||||||||
| 165335 | 0 | 0 | 0 | 0 | 0 | 15057 | 0 | 10759 | 0 | 191151 | 0 | 0 | 0 |
| MICHAEL ABSHER | |||||||||||||
| 162813 | 0 | 0 | 0 | 0 | 0 | 15386 | 0 | 13112 | 0 | 191311 | 0 | 0 | 0 |
| JIMMY SPRINGS | |||||||||||||
| 134670 | 0 | 0 | 0 | 0 | 0 | 12008 | 0 | 12838 | 0 | 159516 | 0 | 0 | 0 |
| LINDSEY LYDE | |||||||||||||
| 129050 | 0 | 0 | 0 | 0 | 0 | 12690 | 0 | 12893 | 0 | 154633 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | BOARD POLICY #O-29 EFFECTIVE JULY 25, 2000 ESTABLISHED THAT REIMBURSEMENT FOR SPOUSAL TRAVEL WILL BE MADE AT 50%. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LEWIS BORGELD | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | PRESIDENT | Relationship |
| Amount Of Transaction | 143176 | AmountOfTransaction |
| Description Of Transaction | COMPENSATION PAID TO A FAMILY MEMBER, WHO IS THE OPERATIONS MANAGER | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | LEWIS BORGFELD, BOARD PRESIDENT, IS THE FATHER-IN-LAW OF SEAN ALVAREZ, OPERATIONS MANAGER. | |
| FORM 990, PART VI, SECTION A, LINE 6 | GVEC IS A MEMBER-OWNED COOPERATIVE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | ONE MEMBER, ONE VOTE BY GEOGRAPHIC DISTRICT. | |
| FORM 990, PART VI, SECTION A, LINE 7B | AS DEFINED IN THE ARTICLES IN INCORPORATION, CERTAIN MAJOR DECISIONS OUTSIDE THE NORMAL COURSE OF BUSINESS REQUIRE A VOTE OF THE MEMBERSHIP. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WAS REVIEWED IN DETAIL BY THE CEO AND GENERAL MANAGER. THEN, THE TAX RETURN WAS DISCUSSED IN THE COMMITTEE MEETING AND WAS AVAILABLE AT ANY TIME. IT HAS NOT BEEN PLACED ON THE BOARD MINUTES. | |
| THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. A QUESTIONNAIRE WAS ANSWERED BY ALL BOARD MEMBERS IN 2008. SINCE THEN, ONLY NEW BOARD MEMBERS ARE CURRENTLY ASKED TO COMPLETE A QUESTIONNAIRE. GVEC IS A SMALL RURAL COMMUNITY WITH AT LEAST MONTHLY MEETINGS WITH ALL BOARD MEMBERS. GENERAL MANAGER AND BOARD CHAIRMAN ARE FAMILIAR WITH THE BOARD AND THE ORGANIZATION ACTIVITIES TO DETERMINE IF A POTENTIAL CONFLICT SHOULD DEVELOP. AN INVESTIGATION WOULD BE CONDUCTED IF A CONFLICT OF INTEREST WAS IDENTIFIED. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE PROCESS FOR DETERMINING COMPENSATION INCLUDES REVIEW OF COMPARATIVE DATA/SURVEYS PUBLISHED BY THE NATIONAL RURAL ELECTRIC ASSOCIATION OF AMERICA AND VARIOUS PAID CONSULTANTS. | FORM 990, PART VI, SECTION B, LINE 15 | |
| FORM 1024, FORM 990, FORM 990-T, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO AVAILABLE AT WWW.GVEC.ORG. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | PATRONAGE DIVIDENDS PAID -3,404,209. MEMBERSHIPS ISSUED -1,460. RETIRED CAPITAL CREDITS 341,112. TOTAL TO FORM 990, PART XI, LINE 5: -3,064,557. | FORM 990, PART XI, LINE 5: |
| THE FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTANT. THE FINANCE COMMITTEE IS RESPONSIBLE UNDER ITS GOVERNING DOCUMENTS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. | FORM 990, PART IV, LINE 12, AUDITED FINANCIAL STATEMENTS: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GVEC HOME SERVICES INC | |||||||||||
| PO BOX B | GONZALEZ | TX | 78629 | 742766073 | RETAIL HOUSEHOLD APPLIANCES | TX | N/A | C | -7359 | 4651021 | 1.00000 |
| GVECNET | |||||||||||
| PO BOX 525 | GONZALEZ | TX | 78629 | 742876734 | INTERNET SERVICE PROVIDER | TX | N/A | C | 319136 | 1640046 | 0.80000 |
| GUADALUPE VALLEY DEVELOPMENT CORPORATION | |||||||||||
| PO BOX 1546 | GONZALEZ | TX | 78629 | 742490616 | INVESTMENT COMPANY | TX | N/A | C | 33120 | 16443227 | 1.00000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| GVEC HOME SERVICES INC | ||
| A | 28200 | FAIR MARKET VALUE |
| GVEC HOME SERVICES INC | ||
| P | 1149861 | FAIR MARKET VALUE |
| GVECNET | ||
| P | 953613 | FAIR MARKET VALUE |
| GUADALUPE VALLEY DEVELOPMENT CORPORATION | ||
| P | 60841 | FAIR MARKET VALUE |