2011-10-13T15:11:22-05:00 2010-12-31 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2010-01-01 740683625 HILCO ELECTRIC COOPERATIVE INC HILC 2546872331 PO BOX 127 ITASCA TX 760550127 DEBRA A COLE 2546872331 2011-09-30 1 Matt R Willis 8067473806 2011-09-30 2010 2016-03-07 17:11:31Z DEBRA A COLE PO BOX 127 ITASCA TX 760550127 56883643 0 X WWW.HILCO.COOP X 1936 TX TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. 7 7 89 0 873023 -13391 0 0 52029287 55823808 648696 613918 459522 443346 53137505 56881072 0 4325 0 0 3843876 4032110 0 0 0 45562115 47575310 49405991 51611745 3731514 5269327 127591742 131154238 87053836 85334002 40537906 45820236 THE COOPERATIVE'S RESPONSIBILITY AND AIM IS TO PROVIDE EXCELLENT AND INNOVATIVE CUSTOMER SERVICE AS REFLECTED IN TOP QUALITY ELECTRIC SERVICE RELIABILITY, AFFORDABLE RATES, EMPLOYEE TEAMWORK AND THE HIGHEST DEGREE OF INTEGRITY IN ALL COOPERATIVE ENDEAVERS. 0 0 PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 23,137 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. 0 0 0 0 0 0 1 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 1 0 1 0 1 46 0 89 1 1 1 0 0 0 0 53241797 1675730 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAULA FARQUHAR 2546872331 115 E MAIN ST ITASCA TX 76055 X WILLIAM ALLEN 13.70 X X 29740 0 0 GEORGE THIESS 15.00 X X 25687 0 0 MARGARET HILL 7.70 X X 23438 0 0 JANET SMITH 6.90 X 22891 0 0 RONALD ROBERTS 8.90 X 19101 0 0 JOSEPH TEDESCO 9.60 X 21552 0 0 STEPHEN PAPE 11.80 X 24692 0 0 DEBRA COLE 55.00 X 160255 0 121357 PAULA FARQUHAR 40.00 X 107960 0 43622 LEA SANDERS 45.00 X 123718 0 24778 559034 0 189757 3 0 1 0 ARBORWORKS LLC 2448 CORNELL DRIVE FLOWERMOUND TX 750224876 RIGHT OF WAY CLEARING 820834 PIKE ELECTRIC INC PO BOX 1000 DEPT 517 MEMPHIS TN 38148 OVERHEAD CONSTRUCTION 431630 SNAP BROADBAND INC 665 ARROWHEAD RD WAXAHACHIE TX 75167 ESTABLISH SCADA SYSTEM 350276 TEXAS STATE UTILITIES INC 3301 E LOOP 820 S FORT WORTH TX 76119 UNDERGROUND CONSTRUCTION 321107 NATIONAL INFORMATION SOLUTIONS COOPERATI PO BOX 1147 MANDAN ND 58554 SOFTWARE OPERATION & MAIN 286297 6 SALE OF ELECTRICITY 221000 51911017 51911017 PATRONAGE DIVIDENDS 221000 2871555 2871555 SERVICE FEES 221000 1041236 1041236 55823808 597633 562161 35472 47178 88356 2571 44607 88356 132963 132963 16285 16285 16285 624 15661 145 145 145 CONTRACT WATER MGT REV 221000 310238 310238 310238 56881072 55823953 873023 184096 4325 748791 1949808 424237 736969 172305 4224927 3296463 PURCHASED POWER 35346978 DISTRIBUTION 1591395 CUSTOMER SERVICE 1355978 ADMIN. & GENERAL 874669 UNRELATED INC TAX 5017 879883 51611745 551615 660813 1049009 2260092 8987311 8554273 96023 81462 2410845 2251766 116892160 22129038 93429234 94763122 16668343 19085695 4399362 3497015 127591742 131154238 3692979 3471151 132756 129001 77370723 75748336 5857378 5985514 87053836 85334002 X 136015 131870 0 0 40401891 45688366 40537906 45820236 127591742 131154238 X 5269327 13003 X X 0 1 1 X 0 0 1 505056 505056 5723585 1036897 4686688 108723082 21092141 87630941 1940437 1940437 94763122 PATRONAGE CAPITAL - CFC 643287 C PATRONAGE CAPITAL - COBANK 1888325 C PATRONAGE CAPITAL - TEC 407183 C PATRONAGE CAPITAL - BRAZOS ELECTRIC COOPERATIVE, INC 14980182 C PATRONAGE CAPITAL - BRAZOS ELECTRIC MARKETING COOPERATIVE, INC 212358 C PATRONAGE CAPITAL - NISC 31797 C CAPITAL TERM CERTIFICATES - CFC 894537 C MEMBER CAPITAL SECURITIES - CFC 25000 C MEMBERSHIP FEES IN ASSOCIATED ORGANIZATIONS 3026 C 19085695 NEGATIVE EQUITY INVESTMENT IN AFFILIATED COMPANY 793523 UNBILLED POWER COST 1093464 POWER COST ADJUSTMENT - OVER COLLECTED 724764 CONSUMER DEPOSITS 1354793 ACCRUED INTEREST 402226 ACCRUED TAXES 501554 ACCRUED EMPLOYEE COMPENSATED ABSENCES 774234 OTHER CURRENT AND ACCRUED LIABILITIES 271625 DEFERRED CREDIT - OTHER 69331 5985514 56881072 51611745 5269327 13003 13003 5282330 56349131 403228 403228 55945903 935169 935169 56881072 50676576 0 50676576 935169 935169 51611745 Part IV, Line 2b: PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED A RURAL SCHOLARSHIP FUND WITH RETIREMENTS OF PATRONAGE CAPITAL, WHICH HAVE REMAINED UNCLAIMED FOR A PERIOD OF THREE YEARS. THE AMOUNTS DEPOSITED INTO THE RURAL SCHOLARSHIP FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED FOR SCHOLARSHIPS TO ENABLE STUDENTS FROM RURAL AREAS TO ATTEND COLLEGE, TECHNICAL SCHOOL OR OTHER POST SECONDARY EDUCATION INSTITUTION. ANY AMOUNTS SO DEPOSITED INTO THE RURAL SCHOLARSHIP FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. ALSO PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED AN ECONOMIC DEVELOPMENT FUND WITH RETIREMENTS OF PATRONAGE CAPITAL, WHICH HAVE REMAINED UNCLAIMED FOR A PERIOD OF THREE YEARS. THE AMOUNTS DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED FOR THE STIMULATION AND IMPROVEMENT OF BUSINESS AND COMMERCIAL ACTIVITY FOR ECONOMIC DEVELOPMENT IN RURAL COMMUNITIES. ANY AMOUNTS SO DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. ALSO PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED AN ENERGY EFFICIENCY ASSISTANCE FUND WITH RETIREMENTS OF PATRONAGE CAPITAL, WHICH HAVE REMAINED UNCLAIMED FOR A PERIOD OF THREE YEARS. THE AMOUNTS DEPOSITED INTO THE ENERGY EFFICIENCY ASSISTANCE FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED TO ASSIST MEMBERS OF AN ELECTRIC COOPERATIVE IN REDUCING THEIR ENERGY CONSUMPTION AND ELECTRICITY BILLS. ANY AMOUNTS SO DEPOSITED INTO THE ENERGY EFFICIENCY ASSISTANCE FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. Description of Uncertain Tax Positions Under FIN 48: Part X: ON JANUARY 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. Part XI, Line 8 - Other Adjustments: PATRONAGE RETIREMENTS -386,080. NET CHANGE IN MEMBERSHIPS -4,145. EQUITY EARNINGS FROM SUBSIDIARY 403,228. Part XII, Line 2d - Other Adjustments: EQUITY METHOD INCOME FROM SUBSIDIARY 403,228. Part XII, Line 4b - Other Adjustments: EXPENSES RECORDED IN NON-OPERATING MARGINS RECLASSED TO EXPENSES 448,173. DEBT-RELATED INTEREST EXPENSE RECORDED IN INTEREST INCOME 486,996. Part XIII, Line 4b - Other Adjustments: EXPENSES RECORDED IN NON-OPERATING MARGINS RECLASSED TO EXPENSES 448,173. DEBT-RELATED INTEREST EXPENSE RECORDED IN INTEREST INCOME 486,996. 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. X X 0 0 0 DEBRA COLE 150400 0 3000 0 6855 0 110823 0 10534 0 281612 0 0 0 PAULA FARQUHAR 92837 0 11332 0 3791 0 20989 0 22633 0 151582 0 0 0 Supplemental Information Part III Part II, Column C INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTION TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. DEBRA A COLE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $107,815 401(K) EMPLOYER MATCH 3,008 TOTAL COLUMN C: 110,823 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (107,815) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 36,004 TOTAL COOPERATIVE CASH CONTRIBUTION $39,012 PAULA FARQUHAR ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $19,002 401(K) EMPLOYER MATCH 1,987 TOTAL COLUMN C: 20,989 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (19,002) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 24,220 TOTAL COOPERATIVE CASH CONTRIBUTION $26,207 TRAVIS JOHN SANDERS T. SANDERS IS EMPLOYED BY THE COOPERATIVE 66877 TRAVIS JOHN SANDERS HAS BEEN EMPLOYED AS A LINEMAN BY THE COOPERATIVE SINCE 1996. TRAVIS JOHN SANDERS AND THE COOPERATIVE'S ASSISTANT GENERAL MANAGER, LEA SANDERS, ARE FAMILY MEMBERS PER THE 990 DEFINITION OF FAMILY MEMBERS. 0 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 DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. 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 ARTICLES OF INCORPORATION. Form 990, Part VI, Section B, line 11 MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILING. THE DISCUSSION AND REVIEW WAS PERFORMED AT THE BOARD MEETING IMMEDIATELY BEFORE FILING THE FORM 990. Form 990, Part VI, Section B, line 12c ON AN ANNUAL BASIS, THE COOPERATIVE REQUIRES THE BOARD OF DIRECTORS, PRINCIPAL OFFICERS, AND COMMITTEE MEMBERS TO COMPLETE AND SIGN A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. THE BOARD OF DIRECTORS ALSO COMPLETE AND SIGN THE FORM 990 DISCLOSURE QUESTIONNAIRE. ALL INDIVIDUALS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. ADDITIONALLY, PERIODIC REVIEWS ARE CONDUCTED TO ENSURE COMPLIANCE WITH THE COOPERATIVE CONFLICT OF INTEREST POLICIES. Form 990, Part VI, Section B, line 15 THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE SURVEY SHOWS COMPARATIVE SALARIES FOR GENERAL MANAGERS FROM COOPERATIVES LOCATED IN TEXAS AND THE NATION. THE GENERAL MANAGER'S COMPENSATION IS ALSO DEPENDENT UPON HER COMPLETION OF THE BOARD DIRECTORS' GOALS FOR THE YEAR. ANNUALLY, THE BOARD OF DIRECTORS ADDRESSES AND EVALUATES THESE GOALS IN CONJUNCTION TO THE GENERAL MANAGER'S COMPENSATION. THE GENERAL MANAGER USES A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILAR COOPERATIVES THROUGHOUT TEXAS AND THE NATION. ANNUALLY, ALL OFFICERS AND KEY EMPLOYEES ARE ADDITIONALLY REQUIRED TO HAVE A PERFORMANCE APPRAISAL ADMINISTERED BY THE GENERAL MANAGER. Form 990, Part VI, Section C, line 19 THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE AUDITED FINANCIAL STATEMENTS TO THE MEMBERS OF THE COOPERATIVE (1) AT THE ANNUAL MEETING AND (2) ONCE ANNUALLY IN THE MEMBER-PROVIDED CO-OP POWER MAGAZINE. THE COOPERATIVE BYLAWS ARE ALSO AVAILABLE ON THE COOPERATIVE'S WEBSITE. THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, OR GOVERNING DOCUMENTS TO ANY MEMBER WHO REQUESTS A COPY. TO PROVIDE DETAIL REGARDING OFFICER'S OTHER COMPENSATION Form 990, Part VII, Column F 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 2% OF A PARTICIPATING EMPLOYEE'S SALARY. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON 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 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. PATRONAGE DIVIDENDS Form 990, Part VIII, Line 2 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. ACCOUNTING SYSTEM Form 990, Part IX 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. 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. RECONCILIATION OF WAGES PER RETURN TO FORM W-3 Form 990, Part IX, Lines 5-7 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 $2,698,599 LESS DIRECTORS FEES REPORTED ON 1099-MISC (167,102) LESS OFFICER EMPLOYEE BENEFITS REPORTED ON LINE 5 (189,757) PLUS SALARIES AND WAGES ALLOCATED TO NONOPERATING MARGIN 300,950 PLUS SALARIES AND WAGES ALLOCATED TO ASSET ACCOUNTS 1,045,227 RECONCILIATION TO W-3 $3,687,917 BREAKDOWN OF EXPENSES INCLUDED IN ADMINISTRATIVE AND GENERAL Form 990, Part IX, Line 24 THE FOLLOWING IS A BREAKDOWN OF THE EXPENSES REPORTED AS ADMINISTRATIVE AND GENERAL EXPENSE ON FORM 990, PART IX, LINE 24. OFFICE SUPPLIES AND EXPENSE $274,864 OUTSIDE SERVICES EMPLOYED 86,106 INSURANCE 205,753 MAINTENANCE OF GENERAL PLANT 125,495 REGULATORY COMMISSION EXPENSE 88,162 MISCELLANEOUS GENERAL EXPENSE 94,289 TOTAL ADMINISTRATIVE AND GENERAL EXPENSE PER 990 $874,669 TO PROVIDE DETAIL REGARDING OTHER EXPENSES Form 990, Part IX, Line 24f THE FOLLOWING IS A BREAKDOWN OF THE EXPENSES REPORTED AS OTHER EXPENSES ON FORM 990, PART IX, LINE 24F. THIRD PARTY MANAGEMENT EXPENSE $414,519 NET HILCO UNITED SERVICES EXPENSE REIMBURSEMENT 12,848 LAKE SHADOW OPERATIONS EXPENSES 10,012 TAXES - OTHER 438,237 ECONOMIC DEVELOPMENT EXPENSE 4,267 TOTAL OTHER EXPENSES PER FORM 990 LINE 24F $879,883 Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: PATRONAGE RETIREMENTS -386,080. NET CHANGE IN MEMBERSHIPS -4,145. EQUITY EARNINGS FROM SUBSIDIARY 403,228. Total to Form 990, Part XI, Line 5: 13,003. AUDIT COMMITTEE Form 990, Part XII, Line 2c THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. HILCO ELECTRIC TRUST 115 EAST MAIN STREET ITASCA TX 76055 756602612 PROVIDING ASSISTANCE TO NON-PROFIT, NON-PARTISAN CHARITABLE ORGANIZATIONS TX 501(c)(3) 7 N/A 0 HILCO UNITED SERVICES INC AND SUBSIDIARY 115 EAST MAIN STREET ITASCA TX 76055 752672050 ORGANIZED TO DELIVER PROPANE AND WATER SERVICES TX N/A C 2672552 8200175 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 HILCO UNITED SERVICES INC AND SUBSIDIARY - INTEREST & RENT A 568161 CASH HILCO UNITED SERVICES INC AND SUBSIDIARY P 320237 CASH HILCO UNITED SERVICES INC AND SUBSIDIARY - LOAN REPAYMENT NET OF ADVANCES R 433038 CASH HILCO ELECTRIC TRUST - NA AS LESS THAN 50000 N EMPLOYEE HRLY RATE X HRS WORKED