SOCORRO ELECTRIC COOPERATIVE INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- SOCORRO ELECTRIC COOPERATIVE INC (EIN 85-0084968)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-15
- IRS object ID
- 201133199349307618
- 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 | 2011-11-15T14:53:16-06:00 | 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 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1 |
| City | LUBBOCK | City |
| State | TX | State |
| ZIP Code | 79423 | 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 | 850084968 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOCORRO ELECTRIC COOPERATIVE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SOCO | NameControl |
| Phone | 5758350560 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX H | AddressLine1 |
| City | SOCORRO | City |
| State | NM | State |
| ZIP Code | 87801 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PAUL BUSTAMANTE | Name |
| Title | BOARD PRESIDENT | Title |
| Phone | 5758350560 | Phone |
| Date Signed | 2011-11-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM M MILLER | Name |
| Phone | 8067473806 | Phone |
| Date Prepared | 2011-11-10 | 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 | PAUL BUSTAMANTE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX H | AddressLine1 |
| City | SOCORRO | City |
| State | NM | State |
| ZIP Code | 87801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 23750360 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.SOCORROELECTRIC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1945 | YearFormation |
| State Legal Domicile | NM | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 48 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | 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 | 23286638 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 23630819 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 86188 | InvestmentIncomePriorYear |
| Investment Income Current Year | 80565 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 38976 | OtherRevenuePriorYear |
| Other Revenue Current Year | 38976 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 23411802 | TotalRevenuePriorYear |
| Total Revenue Current Year | 23750360 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 13072 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2553885 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2540739 | 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 | 19475890 | OtherExpensePriorYear |
| Other Expenses Current Year | 19790658 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 22029775 | TotalExpensesPriorYear |
| Total Expenses Current Year | 22344469 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1382027 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1405891 | RevenuesLessExpensesCY |
| Total Assets BOY | 60270413 | TotalAssetsBOY |
| Total Assets EOY | 66582183 | TotalAssetsEOY |
| Total Liabilities BOY | 43617009 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 50107931 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 16653404 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 16474252 | NetAssetsOrFundBalancesEOY |
| Mission Description | IT SHALL BE THE AIM OF THE SOCORRO ELECTRIC COOPERATIVE, INC. TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 13,243 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. | Description |
| 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 | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | 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 | 0 | 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 | 31 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 48 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| 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 | 22254233 | GrossIncomeFromMembers |
| Gross Income Other Sources | 125366 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | 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 | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | 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 | SOCORRO ELECTRIC ACCOUNTING DEPT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5758350560 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 E MANZANARES AVE | AddressLine1 |
| City | SOCORRO | City |
| State | NM | State |
| ZIP Code | 87801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (14 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| PAUL BUSTAMANTE | |||||||
| PRESIDENT | 7.00 | X | X | 13070 | 0 | 0 | |
| DAVE WADE | |||||||
| VICE PRESIDENT | 14.00 | X | X | 12765 | 0 | 0 | |
| LUIS AGUILAR | |||||||
| SECRETARY | 8.00 | X | X | 8799 | 0 | 0 | |
| MILTON ULIBARRI | |||||||
| TREASURER | 10.00 | X | X | 25657 | 0 | 0 | |
| LEO CORDOVA | |||||||
| TRUSTEE | 10.00 | X | 20170 | 0 | 0 | ||
| LEROY ANAYA | |||||||
| TRUSTEE | 8.00 | X | 15267 | 0 | 0 | ||
| CHARLES WAGNER | |||||||
| TRUSTEE | 22.00 | X | 16543 | 0 | 0 | ||
| JACK BRUTON | |||||||
| TRUSTEE | 2.80 | X | 13871 | 0 | 0 | ||
| MANUEL MARQUEZ | |||||||
| TRUSTEE (1/1/2010-4/2010) | 11.60 | X | 12269 | 0 | 0 | ||
| DONALD WOLBERG | |||||||
| TRUSTEE | 10.00 | X | 6656 | 0 | 0 | ||
| PRESCILLA MAULDIN | |||||||
| TRUSTEE | 4.00 | X | 910 | 0 | 0 | ||
| LEOPOLDO PINEDA | |||||||
| GENERAL MANAGER (1/1/2010-8/20/2010) | 40.00 | X | 86586 | 0 | 20694 | ||
| RICHARD LOPEZ | |||||||
| GENERAL MANAGER (8/2010-12/31/10) | 40.00 | X | 103123 | 0 | 22245 | ||
| DAVID MONTOYA | |||||||
| LINE SUPERINTENDENT | 40.00 | 109280 | 0 | 31122 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 444966 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 74061 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CBR SERVICES | |||||
| PO BOX 1450 | EAGER | AZ | 85925 | UTILITY PLANT CONSTRUCTION | 1070213 |
| SGS ENGINEERING LLC | |||||
| 401 50TH STREET | LUBBOCK | TX | 79404 | ENGINEERING & RATE CONSULTING | 662928 |
| WESTERN ENERGY SERVICES OF DURANGO INC | |||||
| PMB 300 361 S CAMNO DEL RIO | DURANGO | CO | 81303 | LINE CONSTRUCTION | 588444 |
| 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 |
|---|---|---|---|
| ELECTRIC SALES | 221000 | 22021797 | 22021797 |
| PATRONAGE DIVIDENDS | 221000 | 1511336 | 1511336 |
| SERVICE FEES | 221000 | 97686 | 97686 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 23630819 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 80565 | TotalRevenueColumn |
| Exclusion | $80,565 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 38976 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 38976 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38976 | TotalRevenueColumn |
| Exclusion | $38,976 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 23750360 | TotalRevenueColumn |
| Related Or Exempt Function Income | 23630819 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $119,541 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7572 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5500 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 378625 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1230834 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 321390 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 498120 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111770 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2223002 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2015127 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PURCHASED POWER | 13119225 |
| ADMIN. & GENERAL EXP | 965085 |
| DISTRIBUTION EXPENSE | 604316 |
| CUSTOMER SERVICE | 562487 |
| TAXES & FRANCHISE FEES | 175016 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126400 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22344469 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1089785 | BOY |
| EOY | 1667281 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3960951 | BOY |
| EOY | 3700000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1702167 | BOY |
| EOY | 1516475 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42755 | BOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44363 | BOY |
| EOY | 22157 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 793630 | BOY |
| EOY | 1886763 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4063179 | BOY |
| EOY | 4177850 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 71846805 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 22903204 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45447173 | BOY |
| EOY | 48943601 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3102366 | BOY |
| EOY | 4635751 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24044 | BOY |
| EOY | 32305 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60270413 | BOY |
| EOY | 66582183 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1348819 | BOY |
| EOY | 1345941 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 167999 | BOY |
| EOY | 169104 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41542251 | BOY |
| EOY | 46185683 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 557940 | BOY |
| EOY | 2407203 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43617009 | BOY |
| EOY | 50107931 | 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 | 0 | BOY |
| EOY | 0 | 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 | 16653404 | BOY |
| EOY | 16474252 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16653404 | BOY |
| EOY | 16474252 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60270413 | BOY |
| EOY | 66582183 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1405891 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1585043 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 86262 | OtherCostOrOtherBasis |
| Book Value | 86262 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 995418 | OtherCostOrOtherBasis |
| Depreciation | 488027 | Depreciation |
| Book Value | 507391 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 66837714 | OtherCostOrOtherBasis |
| Depreciation | 22415177 | Depreciation |
| Book Value | 44422537 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3927411 | OtherCostOrOtherBasis |
| Book Value | 3927411 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 48943601 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (10 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| PATRONAGE CAPITAL - NATIONAL RURAL UTILITIES COOP FIN. CORP | 126075 | C |
| PATRONAGE CAPITAL - FEDERATED INSURANCE | 108729 | C |
| PATRONAGE CAPITAL - SOUTHEASTERN DATA COOPERATIVE, INC. | 51552 | C |
| PATRONAGE CAPITAL - TRI-STATE | 3003276 | C |
| PATRONAGE CAPITAL - WESTERN UNITED ELECTRIC | 44294 | C |
| CAPITAL TERM CERTIFICATES - NATIONAL RURAL UTILITIES COOP FIN CORP | 503272 | C |
| MEMBERSHIPS - NATIONAL RURAL UTILITIES COOP FIN CORP | 1000 | C |
| NOTES RECEIVABLE - WEATHERIZATION LOANS | 119704 | C |
| INSURANCE AND EDUCATION FUND | 676522 | C |
| OTHER INVESTMENTS | 1327 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 4635751 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CONSUMER DEPOSITS | $78,925 |
| ACCUMULATED PROVISION FOR POST RETIREMENT HEALTH BENEFITS | $251,972 |
| ACCRUED TAXES & FRANCHISE FEES | $61,992 |
| OTHER CURRENT & ACCRUED LIABILITIES | $195,464 |
| DEBT SERVICE ADJUSTMENT OVERCOLLECTED | $1,690,351 |
| DEFERRED CREDITS | $128,499 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2407203 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part IV, Line 2b: | PURSUANT TO THE COOPERATIVE'S BYLAWS ARTICLE VIII, SECTION 3-5, THE COOPERATIVE SHALL TRANSFER RETIREMENTS OF PATRONAGE CAPITAL, WHICH HAVE REMAINED UNCLAIMED FOR A PERIOD OF TWO YEARS, TO SOCORRO ELECTRIC FOUNDATION TO BE USED FOR SCHOLARSHIPS TO ENABLE STUDENTS FROM RURAL AREAS TO ATTEND COLLEGE, TECHNICAL SCHOOL OR OTHER POST SECONDARY EDUCATION INSTITUTION. A PORTION OF THESE UNCLAIMED CAPITAL CREDITS PAYMENTS ARE MAINTAINED IN A DESIGNATED ACCOUNT HELD BY THE COOPERATIVE. | |
| Part X: | ON APRIL 1, 2009, THE COOPERATIVE ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE, AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. | Description of Uncertain Tax Positions Under FIN 48: |
| Part IX THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5 PERCENT OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY IN ACCORDANCE WITH IRS INSTRUCTIONS SCHEDULE D, PART IX HAS BEEN LEFT BLANK. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 0 | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | TUITION SCHOLARSHIPS TO PURSUE SECONDARY EDUCATION | TypeOfGrant |
| Number Of Recipients | 10 | NumberOfRecipients |
| Amount Of Cash Grant | 5500 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Other Information: | Identifier |
| Return Reference | Part IV: | ReturnReference |
| Explanation | ALL GRANTS, SPONSORSHIPS AND DONATIONS ARE MADE TO NON-PROFIT ORGANIZATIONS LOCATED IN THE COOPERATIVE'S SERVICE AREA. ALL DONATIONS ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. SCHOLARSHIPS ARE ALSO AWARDED TO COMMUNITY COLLEGES AND UNIVERSITIES ATTENDED BY STUDENTS FROM THE COOPERATIVE'S SERVICE TERRITORY. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRI-STATE GENERATION AND TRANSMISSION ASSOCIATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | A BOARD MEMBER OF THE COOPERATIVE SERVES ON TRI-STATE G&T'S BOARD | Relationship |
| Amount Of Transaction | 13119225 | AmountOfTransaction |
| Description Of Transaction | THE COOPERATIVE PURCHASES ITS POWER FROM TRI-STATE GENERATION AND TRANSMISSION ASSOCIATION, INC. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (18 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 4 | THE FOLLOWING BYLAW CHANGES WERE MADE DURING THE 2010 TAX YEAR. FOR INFORMATIONAL PURPOSES ONLY, THESE BYLAW CHANGES WERE ALSO REPORTED ON THE 2009 FORM 990. ARTICLE III, SECTION 6, QUORUM AT ALL MEETINGS, WAS AMENDED TO READ 'THREE PER CENTUM OF THE TOTAL MEMBERSHIP SHALL CONSTITUTE A QUORUM'. ARTICLE III, SECTION 12, ACTION BY MEMBERS AT DISTRICT MEETINGS, WAS AMENDED TO ALLOW REVIEW OF ANY RESOLUTION SUBMITTED AND ADOPTED BY MEMBERS AT A DISTRICT MEETING TO BE REVIEWED AT THE NEXT SUCCEEDING ANNUAL MEMBERS' MEETING, OR SPECIAL MEETING OF MEMBERS, IF THE RESOLUTION SO PROVIDES. ARTICLE V, SECTION 1 (GENERAL POWERS) AND SECTION 2 (ELECTION AND TENURE OF OFFICE), WAS AMENDED TO REDUCE THE NUMBER OF BOARD TRUSTEES FROM ELEVEN TO FIVE TRUSTEES AND RESTRICTS ANY BOARD TRUSTEE FROM SERVING FOR MORE THAN TWO CONSECUTIVE TERMS. ARTICLE V, SECTION 7, COMPENSATION, WAS AMENDED TO RESTRICT EXPENSES INCURRED BY THE TRUSTEES, ON BEHALF OF A TRUSTEE, TO NOT EXCEED $10,000 PER YEAR, WITH THE EXCEPTION OF THE PRESIDENT OF THE BOARD OF TRUSTEES, FOR WHICH THE LIMIT IS $15,000 PER YEAR. ARTICLE V, SECTION 8, DIVISION INTO DISTRICTS, WAS AMENDED TO RE-ALIGN THE FIVE VOTING DISTRICTS OF THE COOPERATIVE BASED UPON, AS MUCH AS POSSIBLE, EQUAL MEMBER POPULATION. MEMBERS OF EACH DISTRICT SHALL ELECT ONE TRUSTEE. ARTICLE VI, SECTION 1, REGULAR MEETINGS, WAS AMENDED TO REQUIRE ONE REGULAR MEETING OF THE BOARD OF TRUSTEES. THE MONTHLY MEETING WOULD BE OPEN TO MEMBER/OWNERS AND REPRESENTATIVES OF THE PRESS WITH TIMELY NOTICE OF THE MEETING ADVERTISED IN MONTHLY BILL MAILINGS AND LOCAL NEWSPAPERS. A SECTION OF THE MEETING AGENDA SHALL BE RESERVED FOR MEMBER PARTICIPATION DURING WHICH MEMBER/OWNERS MAY ADDRESS THE BOARD WITHOUT PRIOR APPROVAL OF THE BOARD. ARTICLE VI, SECTION 5, WAS ADDED TO NOTE THE COOPERATIVE VOLUNTARILY AGREES TO ABIDE BY THE OPEN MEETINGS ACT AND INSPECTION OF PUBLIC RECORDS ACT. ARTICLE VIII, SECTION 2, WAS AMENDED TO REQUIRE THE COOPERATIVE TO NOTIFY MEMBERS OF THEIR PATRONAGE CAPITAL (CAPITAL CREDITS) ANNUALLY. ARTICLE VIII, SECTION 8, DONATIONS, WAS ADDED, RESTRICTING THE COOPERATIVE FROM DONATING TO ANY ADULT OR CIVIC ORGANIZATION. | |
| Form 990, Part VI, Section A, line 6 | THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. | |
| Form 990, Part VI, Section A, line 7a | THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF TRUSTEES AND DO SO ON A VOTING DISTRICT BY VOTING DISTRICT BASIS. EACH MEMBER WITHIN THE VOTING DISTRICT IS ENTITLED TO ONE VOTE DURING ELECTIONS REGARDLESS OF THE VALUE OR QUANTITY OF COOPERATIVE SERVICES USED. | |
| Form 990, Part VI, Section A, line 7b | THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE. 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE. 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION. 3. THE DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS. 4. AMENDMENTS TO THE BY-LAWS AND ARTICLES OF INCORPORATION. | |
| Form 990, Part VI, Section B, line 11 | THE FORM 990 WAS REVIEWED AND DISCUSSED BY THE BOARD AT THE FIRST BOARD MEETING OCCURRING SUBSEQUENT TO THE DATE THE FORM 990 WAS FILED. | |
| OFFICERS ARE REQUIRED TO REVIEW AND BE FAMILIAR WITH THE POLICIES OUTLINED IN THE COOPERATIVE'S CONFLICT OF INTEREST POLICY. OFFICERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE THE FULL BOARD OF TRUSTEES AS SOON AS POSSIBLE. ADDITIONALLY, THE BY-LAWS DISQUALIFY A TRUSTEE FROM SERVING ON THE BOARD, INCLUDING BUT NOT LIMITED TO, IF HE/SHE (1) IS EMPLOYED BY OR INVESTS IN A COMPETING BUSINESS, (2) IS AN ELECTED PUBLIC OFFICIAL AND (3) HAS A FAMILY RELATIONSHIP WITH ANOTHER TRUSTEE/OFFICER OR EMPLOYEE OF THE COOPERATIVE. | Form 990, Part VI, Section B, line 12c | |
| THE COOPERATIVE POSTS THE COOPERATIVE'S BY-LAWS AND SUMMARIZED COPIES OF CURRENT AND PRIOR YEARS' AUDITED FINANCIAL STATEMENTS ON THE COOPERATIVE'S WEBSITE. PURSUANT TO THE AMENDMENT TO ARTICLE VI, SECTION 5 AS ADOPTED BY THE MEMBERS IN APRIL 2010, THE COOPERATIVE VOLUNTARILY AGREES TO ABIDE BY THE REQUIREMENTS OF THE OPEN MEETING ACT AND THE INSPECTION OF PUBLIC RECORDS ACT. | Form 990, Part VI, Section C, line 19 | |
| INDEPENDENT TRUSTEE | LEROY ANAYA PER IRS FORM 990 INSTRUCTIONS IS NOT AN INDEPENDENT TRUSTEE BECAUSE HE IS ON THE BOARD OF TRI-STATE G&T ASSOCIATION, INC, A TAXABLE COOPERATIVE. THE COOPERATIVE PURCHASES ITS ELECTRIC ENERGY FROM TRI-STATE AND THE COOPERATIVE IS A MEMBER OF TRI-STATE. AS SUCH, MR. ANAYA IS THE COOPERATIVE'S REPRESENTATIVE ON TRI-STATE'S BOARD. MR. ANAYA HAS NO OWNERSHIP INTEREST IN TRI-STATE AND RECEIVES NO DIRECT OR INDIRECT BENEFIT FROM THE COOPERATIVE DOING BUSINESS WITH TRI-STATE. | Form 990, Part VI, Line 1b |
| EXECUTIVE SESSION MINUTES | FROM TIME TO TIME THE ENTIRE BOARD WILL GO INTO EXECUTIVE SESSION FOR DISCUSSING ITEMS OF A SENSITIVE AND CONFIDENTIAL NATURE. WHEN THIS OCCURS MANAGEMENT AND OTHERS IN ATTENDANCE ARE REMOVED FROM THE MEETING ROOM. MINUTES OF SUCH SESSIONS ARE TYPICALLY TAKEN. ACTIONS TAKEN BY THE BOARD AFTER EXECUTIVE SESSIONS ARE ADJOURNED ARE FULLY DOCUMENTED IN THE WRITTEN MINUTES. | Form 990, Part VI, Line 8b |
| TO PROVIDE DETAIL REGARDING OFFICER'S OTHER COMPENSATION | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. AS PART OF THE PLAN DOCUMENT, THE COOPERATIVE PROVIDES A MATCHING CONTRIBUTION UP TO 11% OF A PARTICIPATING EMPLOYEE'S SALARY. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON 7% OF A PARTICIPATING EMPLOYEE'S SALARY BUT MAY NOT EXCEED THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION AND LIFE INSURANCE TO ALL EMPLOYEES, INCLUDING OFFICERS, THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICER IS COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN FOR THE OFFICER, THE TOTAL AMOUNT CONTRIBUTED TO THE 401(K) PENSION PLAN AND THE INSURANCE PREMIUMS PAID FOR THE BENEFIT OF THE OFFICER. IN ADDITION TO THE ABOVE PENSION PLANS, THE COOPERATIVE ALSO PROVIDES POST-RETIREMENT HEALTH INSURANCE BENEFITS THROUGH AN UNFUNDED WELFARE BENEFIT PLAN. THE PER PERSON VALUE OF THESE BENEFITS HAS NOT BEEN ESTIMATED. | Form 990, Part VII, Column F |
| GENERAL MANAGER RESPONSIBILITIES | THE BOARD OF TRUSTEES CONSIDERS THE GENERAL MANAGER TO BE BOTH THE TOP MANAGEMENT OFFICIAL AND THE TOP FINANCIAL OFFICIAL. THEREFORE, ONLY THE GENERAL MANAGER IS LISTED AS AN EMPLOYEE OFFICER. | Form 990, Part VII, Section A |
| PATRONAGE DIVIDENDS | PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. | Form 990, Part VIII, Line 2 |
| ACCOUNTING SYSTEM | THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS AS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION FOR CLASS A AND B ELECTRIC UTILITIES MODIFIED FOR ELECTRIC BORROWERS OF THE RURAL UTILITIES SERVICE(RUS). THE UNIFORM SYSTEM OF ACCOUNTING DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1 - 23. THE COOPERATIVE WILL BREAK OUT SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1 - 23 WILL BE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE UNIFORM SYSTEM OF ACCOUNTS. | Form 990, Part IX |
| RECONCILIATION OF WAGES PER RETURN TO FORM W-3 | SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. IN AN EFFORT TO EXPLAIN WHY THE AMOUNTS REPORTED ON LINES 5-7 DO NOT AGREE TO THE W-3 THE FOLLOWING RECONCILIATION IS PROVIDED. TOTAL PER LINES 5-7 $1,609,459 LESS DIRECTORS FEES REPORTED ON 1099-MISC (145,977) LESS OFFICERS BENEFITS REPORTED ON LINE 5 (42,939) PLUS SALARIES AND WAGES ALLOCATED TO ASSET ACCOUNTS 579,853 RECONCILIATION TO W-3 $2,000,396 | Form 990, Part IX, Lines 5-7 |
| BREAKDOWN OF EXPENSES INCLUDED IN ADMINISTRATIVE AND GENERAL | THE FOLLOWING IS A BREAKDOWN OF THE EXPENSES REPORTED AS ADMINISTRATIVE AND GENERAL EXPENSE ON FORM 990, PART IX, LINE 24. MISCELLANEOUS GENERAL EXPENSE $296,620 OFFICE SUPPLIES AND EXPENSE 77,808 OUTSIDE SERVICES EMPLOYED 222,289 ASSOCIATION DUES 113,479 DIRECTOR EXPENSES 75,353 MAINTENANCE OF GENERAL PLANT 179,536 TOTAL ADMINISTRATIVE AND GENERAL EXPENSE PER 990 $965,085 | Form 990, Part IX, Line 24 |
| TO PROVIDE DETAIL REGARDING OTHER EXPENSES | THE FOLLOWING IS A BREAKDOWN OF THE EXPENSES REPORTED AS OTHER EXPENSES ON FORM 990, PART IX, LINE 24F. SALES EXPENSE $30,646 OTHER DEDUCTIONS 94,789 TRANSMISSION EXPENSE 965 TOTAL OTHER EXPENSES PER FORM 990 LINE 24F $126,400 | Form 990, Part IX, Line 24f |
| Changes in Net Assets or Fund Balances: | OTHER COMPREHENSIVE INCOME- NET UNREALIZED GAINS ON INVESTMENTS 31,384. RETIREMENTS OF PATRONAGE CAPITAL -289,022. OTHER COMPREHENSIVE INCOME-PROVISION FOR PENSION AND BENEFITS 3,912. DEBT SERVICE COST OVERBILLING ADJUSTMENT -1,331,317. Total to Form 990, Part XI, Line 5: -1,585,043. | Form 990, Part XI, line 5: |
| INDEPENDENT AUDIT AND AUDIT COMMITTEE | AUDITED FINANCIAL STATEMENTS WERE PREPARED BY AN INDEPENDENT ACCOUNTANT FOR THE TWELVE MONTHS ENDED MARCH 31ST. THE TAX RETURN HAS BEEN AND CONTINUES TO BE PREPARED BASED ON A CALENDAR YEAR END OF DECEMBER 31. THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. | Form 990, Part XII, Lines 2B and 2C |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOCORRO ELECTRIC FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX H | AddressLine1 |
| City | SOCORRO | City |
| State | NM | State |
| ZIP Code | 878010278 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237044964 | EIN |
| Primary Activities | TO PROVIDE SCHOLARSHIPS TO VALEDICTORIANS OF SCHOOLS IN COOP'S SERVICE AREA | PrimaryActivities |
| Legal Domicile State | NM | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | PF | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | 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 | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | 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 (3 entries)
| Transaction TypeTransactionType |
|---|
| SOCORRO ELECTRIC FOUNDATION - NA LESS THAN 50000 |
| M |
| SOCORRO ELECTRIC FOUNDATION - NA LESS THAN 50000 |
| P |
| SOCORRO ELECTRIC FOUNDATION - NA LESS THAN 50000 |
| K |