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TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is atwww.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Inspection
Name of the organization
COOKE COUNTY ELECTRIC COOPERATIVE
ASSOCIATION
ASSOCIATION
Employer identification number
75-0208872
75-0208872
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 4 | THE BYLAWS AMENDED THE TERM MEMBER TO MEMBER-OWNER. ARTICLE III, SECTION 3 WAS AMENDED TO STATE THE PURPOSE OR PURPOSES FOR WHICH SPECIAL MEETINGS ARE CALLED MAY BE DELIVERED NO MORE THAN FORTY-FIVE (45) DAYS BEFORE THE DATE OF THE MEETING. ARTICLE III, SECTION 7 WAS AMENDED TO STATE THE BOARD OF DIRECTORS SHALL, BETWEEN 60 AND 90 DAYS PRIOR TO ANY MEMBERSHIP MEETING, APPOINT CREDENTIALS AND ELECTION COMMITTEE CONSISTING OF AN UNEVEN NUMBER OF MEMBER-OWNERS OF NOT LESS THAN THREE (3) NOR MORE THAN FIVE (5) WHO ARE NOT CLOSE RELATIVES OR MEMBER OF THE SAME HOUSEHOLD OF EXISTING DIRECTORS OR KNOWN CANDIDATES FOR DIRECTORS TO BE ELECTED AT SUCH MEETING. ARTICLE IV SECTION 2 WAS AMENDED AS FOLLOWS: NO PERSON SHALL BE ELIGIBLE TO BECOME OR REMAIN A DIRECTOR OF THE COOPERATIVE WHO: A)IS NOT A MEMBER-OWNER AND IS NOT RECEIVING ELECTRIC SERVICE FROM THE COOPERATIVE AT HIS OR HER PRIMARY RESIDENTIAL ABODE WITHIN THE DISTRICT FROM WHICH SUCH DIRECTOR IS ELECTED TO REPRESENT; OR B)HAS (OR IS A JOINT MEMBER WITH A PERSON WHO HAS) ONE OR MORE ACCOUNTS WITH THE COOPERATIVE OR ITS AFFILIATES THAT ARE NOT IN GOOD FINANCIAL STANDING, OR HAS (OR IS A JOINT MEMBER WITH A PERSON WHO HAS) A CONTROLLING INTEREST IN ANOTHER PERSON THAT HAS ONE OR MORE ACCOUNTS WITH THE COOPERATIVE OR ITS AFFILIATES THAT ARE NOT IN GOOD FINANCIAL STANDING; OR C)HAS NOT BEEN A MEMBER OF THE COOPERATIVE FOR THE PERIOD OF TWELVE (12) CONSECUTIVE MONTHS IMMEDIATELY PRIOR TO ELECTION; OR D)HAS NOT MAINTAINED A PRINCIPAL PLACE OF RESIDENCE WITHIN THE SERVICE AREA OF THE COOPERATIVE FOR THE PERIOD OF TWELVE (12) CONSECUTIVE MONTHS IMMEDIATELY PRIOR TO ELECTION; OR E)HAS BEEN CONVICTED OF A FELONY OR HAS PLED GUILTY TO A FELONY; OR F)IS IN ANY WAY EMPLOYED BY OR FINANCIALLY ASSOCIATED WITH THE COOPERATIVE OR A COMPETING ELECTRIC UTILITY COMPANY; OR G)IS INVOLVED IN ANY BUSINESS ACTIVITY WHICH MIGHT BE CONSTRUED AS A "CONFLICT OF INTEREST OR IN ANY WAY PRESENTS THE "APPEARANCE OF IMPROPRIETY" THROUGH BUSINESS OR PERSONAL INVOLVEMENT; OR H)IS BIDDING ON REQUESTS FOR PROPOSALS FROM THE COOPERATIVE OR IS ACTIVELY SELLING MATERIALS OR SERVICES TO THE COOPERATIVE; OR I)IS SELLING ELECTRICAL SUPPLIES TO OR PERFORMING ELECTRICAL SERVICES FOR COOPERATIVE MEMBER-OWNERS; OR J)HAS (OR IS A JOINT MEMBER WITH A PERSON WHO HAS) BEEN AN EMPLOYEE, OR HAS (OR IS A JOINT MEMBER WITH A PERSON WHO HAS) WORKED AS AN INDEPENDENT CONTRACTOR OR AN EMPLOYEE OF AN INDEPENDENT CONTRACTOR, OF THE COOPERATIVE OR ANY OF ITS AFFILIATES DURING THE THREE (3) YEAR PERIOD IMMEDIATELY PRIOR TO ELECTION; OR K)IS NOT A NATURAL PERSON; OR L)EXCEPT AS OTHERWISE DETERMINED BY THE BOARD, IS THE SUBJECT OF A FINAL AND NON-APPEALABLE JUDGMENT IN A CIVIL ACTION OR AN ARBITRATION ON THE GROUNDS OF FRAUD, DECEIT OR MISREPRESENTATION; OR M)IS AN ACTIVE OR FORMER EMPLOYEE OF THE COOPERATIVE; OR N)IS THE INCUMBENT OF OR CANDIDATE FOR AN ELECTIVE PUBLIC OFFICE IN CONNECTION WITH WHICH A SALARY IS PAID. O)IS A CLOSE RELATIVE (DEFINED BELOW) OF A COOPERATIVE DIRECTOR, OFFICER OR EMPLOYEE; OR P)DURING THE ONE (1) YEAR PERIOD IMMEDIATELY PRIOR TO ELECTION, RECEIVES, OR HAS A CLOSE RELATIVE OR AN AFFILIATE THAT RECEIVES, MORE THAN TEN PERCENT (10%) OF HIS, HER, OR ITS ANNUAL GROSS INCOME, OTHER THAN INSURANCE OR MEDICAL BENEFITS OR DIRECTOR COMPENSATION INCOME, DIRECTLY OR INDIRECTLY FROM THE COOPERATIVE OR ANY OF ITS AFFILIATES; OR Q)IS EMPLOYED BY ANOTHER DIRECTOR OR IS EMPLOYED BY, OR RECEIVES MORE THAN TEN PERCENT (10%) OF HIS OR HER ANNUAL GROSS INCOME FROM, AN ENTITY WHICH ANOTHER DIRECTOR CONTROLS (INCLUDING AS A DIRECTOR, MANAGER, GENERAL PARTNER, OR OFFICER) OR OF WHICH ANOTHER DIRECTOR OWNS MORE THAN TEN PERCENT (10%); OR R)IS NOT A CITIZEN OF THE UNITED STATES OF AMERICA. FOR PURPOSES OF THESE BYLAWS, THE TERM "CLOSE RELATIVE" MEANS AN INDIVIDUAL WHO (I) THROUGH BLOOD, LAW, OR MARRIAGE, IS A SPOUSE, CHILD, STEPCHILD, FATHER, STEPFATHER, MOTHER, STEPMOTHER, BROTHER, STEPBROTHER, HALF-BROTHER, SISTER, STEPSISTER, HALF-SISTER, GRANDPARENT, GRANDCHILD, FATHER-IN-LAW, MOTHER-IN-LAW, BROTHER-IN-LAW, SISTER-IN-LAW, SON-IN-LAW, OR DAUGHTER-IN-LAW, OR (II) RESIDES IN THE SAME RESIDENCE. AN INDIVIDUAL QUALIFIED AND ELECTED AS A DIRECTOR DOES NOT BECOME A CLOSE RELATIVE WHILE SERVING AS A DIRECTOR BECAUSE OF A MARRIAGE OR LEGAL ACTION TO WHICH THE INDIVIDUAL WAS NOT A PARTY. ARTICLE IV SECTION 3 WAS AMENDED TO RE-DRAW EACH OF THE FIVE (5) DIRECTOR DISTRICTS TO REFLECT GROWTH IN MEMBERSHIP AND TO MORE EQUITABLY REPRESENT THE MEMBERS. ARTICLE IV, SECTION 5 WAS AMENDED TO STATE NOT LESS THAN SIXTY (60) DAYS OR MORE THAN NINETY (90) DAYS PRIOR TO ANY MEMBERSHIP MEETING AT WHICH DIRECTORS ARE TO BE ELECTED, THE BOARD OF DIRECTORS SHALL APPOINT A COMMITTEE ON NOMINATIONS. IT WAS ALSO AMENDED TO STATE THAT FIVE PER CENTUM (5%) OR MORE MEMBER-OWNERS RESIDING IN A DISTRICT FOR WHICH A DIRECTOR IS TO BE ELECTED, ACTING TOGETHER, MAY MAKE OTHER NOMINATIONS BY PETITION, AND THE SECRETARY/TREASURER SHALL POST SUCH NOMINATIONS AT THE SAME PLACE WHERE THE LIST OF NOMINATIONS IS MADE BY THE NOMINATING COMMITTEE IS POSTED. IN ADDITION, SECTION 5 WAS AMENDED TO STATE NOMINATIONS MADE BY PETITION, IF ANY, RECEIVED AT THE COOPERATIVE'S PRINCIPAL OFFICE AT LEAST SIXTY (60) DAYS BEFORE THE MEETING SHALL BE INCLUDED IN THE OFFICIAL BALLOT AND IDENTIFIED AS HAVING BEEN MADE BY PETITION. ARTICLE IV SECTION 7 WAS AMENDED TO STATE THE FOLLOWING: ANY MEMBER-OWNER MAY BRING CHARGES AGAINST AN OFFICER OR DIRECTOR BY FILING THEM IN WRITING NO LESS THAN 45 DAYS OF THE REGULAR OR SPECIAL MEETING OF THE MEMBER-OWNERS WITH THE SECRETARY/TREASURER, TOGETHER WITH A PETITION SIGNED BY TEN PER CENTUM (10%) OF THE MEMBER-OWNERS, OR 300, WHICHEVER IS THE LESSER, REQUESTING THE REMOVAL OF THE OFFICER OR DIRECTOR IN QUESTION. THE REMOVAL SHALL BE VOTED UPON AT THE NEXT REGULAR OR SPECIAL MEETING OF THE MEMBER-OWNERS. THE DIRECTOR OR OFFICER AGAINST WHOM SUCH CHARGES HAVE BEEN BROUGHT SHALL BE INFORMED IN WRITING OF THE CHARGES NO LESS THAN 30 DAYS PREVIOUS TO THE MEETING AND SHALL HAVE AN OPPORTUNITY AT THE MEETING TO BE HEARD IN PERSON OR BY COUNSEL AND TO PRESENT EVIDENCE; AND THE PERSON OR PERSONS BRINGING THE CHARGES AGAINST HIM SHALL HAVE THE SAME OPPORTUNITY. NO MORE THAN ONE (1) DIRECTOR AT ONE TIME MAY BE REMOVED UNDER PROVISIONS OF THIS SECTION. CHARGES, SPECIFYING CAUSE FOR REMOVAL, AGAINST A DIRECTOR MAY BE BROUGHT BY ANY THREE (3) OTHER DIRECTORS OF THE COOPERATIVE AND SUBMITTED TO THE BOARD. ANY DECISION ON THE REMOVAL OF A DIRECTOR (WHO, FOR PURPOSES OF THIS SECTION 4.7, IS A "SUBJECT DIRECTOR") BY THE BOARD, WHICH MAY ONLY BE FOR CAUSE OR IN ACCORDANCE WITH SECTION 4.2 OF THESE BYLAWS, UNDER THIS SECTION 4.7, SHALL BE MADE AT A REGULAR MEETING OF THE BOARD OR AT A SPECIAL MEETING OF THE BOARD CALLED FOR THAT PURPOSE. THE SUBJECT DIRECTOR SHALL BE INFORMED IN WRITING OF THE CHARGES AT LEAST 30 DAYS PRIOR TO THE MEETING AT WHICH THE CHARGES ARE TO BE CONSIDERED AND SHALL HAVE AN OPPORTUNITY AT THE MEETING TO BE HEARD IN PERSON OR BY COUNSEL AND TO PRESENT EVIDENCE IN RESPECT OF THE CHARGES; THE DIRECTORS BRINGING THE CHARGES AGAINST THE SUBJECT DIRECTOR SHALL BE CONSIDERED AND VOTED UPON AT THE MEETING. IF THE SUBJECT DIRECTOR IS REMOVED BY A VOTE OF TWO-THIRDS (2/3) OF ALL OF THE DIRECTORS OF THE COOPERATIVE, OTHER THAN THE SUBJECT DIRECTOR, THEN THE REMOVAL SHALL BE EFFECTIVE IMMEDIATELY. THE VACANCY MAY BE FILLED IN ACCORDANCE WITH SECTION 4.8 OF THESE BYLAWS |
| Form 990, Part VI, Section A, line 4 | ARTICLE IV, SECTION 9 WAS AMENDED TO STATE THE FOLLOWING: BOARD MEMBERS MAY RECEIVE COMPENSATION FOR THEIR SERVICE ON THE BOARD, AS SET OUT BY RESOLUTION AND/OR BOARD POLICIES, AS FOLLOWS: (A) A FIXED AMOUNT PLUS THE CURRENT APPROVED IRS MILEAGE RATE FOR PERSONAL VEHICLE USE WHILE ATTENDING EACH BOARD MEETING; (B) A FIXED AMOUNT PER DAY PLUS THE CURRENT APPROVED IRS MILEAGE RATE FOR PERSONAL VEHICLE USE WHILE ON SPECIAL ASSIGNMENTS FOR THE COOPERATIVE, WHILE REPRESENTING THE COOPERATIVE AT A MEETING AT WHICH NO BOARD FEE IS PAID, AND ON NON-MEETING TRAVEL DAYS; (C) WHILE ATTENDING SUCH ASSIGNMENTS AND MEETINGS AS NOTED IN (B) ABOVE, EACH DIRECTOR SHALL PAY FOR HIS/HER OWN OUT-OF-POCKET EXPENSES, SUCH AS BUT NOT LIMITED TO, MEALS, TIPS, TAXI FARES AND ALL OTHER EXPENSES NOT PREVIOUSLY ARRANGED BY THE COOPERATIVE WITH THE EXCEPTION OF TRANSPORTATION TO AND FROM THE AIRPORT, AND AIRPORT PARKING FEES. (D) THE BOARD OF DIRECTORS AND SPOUSES ARE ELIGIBLE TO RECEIVE HEALTH INSURANCE COVERAGE THROUGH THE COOPERATIVE BY PAYING THE CURRENT PREMIUMS TO THE COOPERATIVE. (E) EACH DIRECTOR MAY RECEIVE A MONTHLY RETAINER IN A FIXED AMOUNT SET BY THE BOARD ARTICLE V, SECTION 3 WAS AMENDED TO STATE THAT WRITTEN NOTICE OF THE TIME, PLACE AND PURPOSE OF ANY SPECIAL MEETING OF THE BOARD SHALL BE DELIVERED TO EACH BOARD MEMBER ELECTRONICALLY. ARTICLE VII, SECTION 2 ADDED THE FOLLOWING PARAGRAPH: (H) TO SECURE PAYMENT OF ANY AMOUNTS OWED BY A MEMBER TO THE COOPERATIVE, INCLUDING ANY REASONABLE COMPOUNDED INTEREST AND LATE PAYMENT FEES AS DETERMINED BY THE BOARD, THE COOPERATIVE HAS A SECURITY INTEREST IN THE CAPITAL CREDITS OF EVERY MEMBER AND FORMER MEMBER. WHEN ANY CAPITAL CREDITS ARE ORDERED TO BE RETIRED BY THE BOARD OF DIRECTORS AND ANY PAYMENTS ARE SCHEDULED TO BE MADE TO ELIGIBLE MEMBERS, THE COOPERATIVE SHALL DEDUCT FROM SUCH PAYMENT ANY UNPAID BILL OF THE MEMBER WHICH MAY BE DUE FROM SAID MEMBER TO THE COOPERATIVE, WHETHER SAID BILL IS FOR PREVIOUS DELINQUENCIES OF SAID MEMBER OR REGARDLESS OF THE PURPOSE FOR WHICH THE DEBT WAS INCURRED. ARTICLE XI, SECTION 3 WAS AMENDED TO ADD THE FOLLOWING PARAGRAPH: THE BOARD SHALL HAVE THE POWER TO PARTICIPATE IN CHARITABLE ENDEAVORS FOR THE BENEFIT OF THE MEMBER-OWNERS, OTHER PERSONS, AND/OR THE COOPERATIVE SERVICE AREA IN GENERAL. THE BOARD SHALL FURTHER HAVE FULL AUTHORITY TO ADOPT SUCH POLICIES AND PROCEDURES TO EFFICIENTLY ACCOMPLISH ITS CHARITABLE OBJECTIVES. |
| 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. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS; 4. AMENDMENT 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 THE FILING OF THE FORM 990. |
| Form 990, Part VI, Section B, line 12c | ALL OFFICERS, DIRECTORS, AND EMPLOYEES ARE REQUIRED TO REVIEW AND BE FAMILIAR WITH THE POLICIES OUTLINED IN THE COOPERATIVE'S EMPLOYEE-ETHICS POLICY AND ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE GENERAL MANAGER AS SOON AS POSSIBLE. THE GENERAL MANAGER REGULARLY MONITORS AND ENFORCES THIS POLICY. |
| Form 990, Part VI, Section B, line 15 | THE BOARD OF DIRECTORS ANNUALLY EVALUATES AND SETS THE COMPENSATION OF THE GENERAL MANAGER. THE GENERAL MANAGER USES A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEE, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILAR COOPERATIVES THROUGHOUT TEXAS AND THE NATION. |
| Form 990, Part VI, Section C, line 19 | THE COOPERATIVE PROVIDES EACH NEW MEMBER WITH A COPY OF ITS BY-LAWS, WHICH ARE ALSO LOCATED ON ITS WEBSITE AT WWW.CCECA.COM. THE COOPERATIVE WILL ALSO PROVIDE A COMPLETE COPY OF ITS CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. ADDITIONALLY, THE COOPERATIVE ANNUALLY PUBLISHES ITS AUDITED BALANCE SHEET AND INCOME STATEMENT IN THE CO-OP POWER MAGAZINE PRIOR TO EACH ANNUAL MEETING. MEMBERS RECEIVE A COPY OF THE MAGAZINE, INCLUDING OTHER INFORMATION SPECIFIC TO THE COOPERATIVE. |
| 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. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. 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, DENTAL, LONG TERM DISABILITY AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS IS THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE PENSION PLAN AND THE INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. IN ADDITION TO THE ABOVE PENSION PLANS, THE COOPERATIVE ALSO PROVIDES POST-RETIREMENT HEALTH INSURANCE BENEFITS THROUGH AN UNFUNDED WELFARE BENEFIT PLAN. THE VALUE OF THESE BENEFITS BY INDIVIDUAL HAS NOT BEEN ESTIMATED. |
| Form 990, Part VIII, Line 2B | 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 IX | THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE RUS UNIFORM SYSTEM OF ACCOUNTS AS PRESCRIBED FOR ELECTRIC BORROWERS OF THE RURAL UTILITIES SERVICES (RUS). THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1 - 23. THE COOPERATIVE SEPARATELY REPORTS 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 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE UNIFORM SYSTEM OF ACCOUNTS. |
| 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. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 2,670,686 LESS DIRECTORS FEES REPORTED ON 1099-MISC (112,729) LESS EMPLOYEE OFFICER BENEFITS REPORTED ON LINE 5 (82,444) PLUS SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 751,438 PLUS SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING & OTHER ACCOUNTS 380,895 TOTAL WAGES ACCRUED AND/OR PAID $ 3,607,846 |
| Form 990, Part IX, Line 24 | ADMINISTRATIVE AND GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: OFFICE AND SUPPLIES $ 278,745 OUTSIDE SERVICES 164,464 REGULATORY COMMISSION 68,894 ANNUAL MEETING 34,028 PUBLIC RELATIONS 137,901 DUES AND SUBSCRIPTIONS 18,310 DIRECTOR EXPENSES 8,827 MAINTENANCE OF GENERAL PLANT 126,576 MISCELLANEOUS GENERAL EXPENSE 150,609 TOTAL ADMINISTRATIVE AND GENERAL EXPENSE PER 990 $ 988,354 |
| Form 990, Part IX, Line 4 | PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOPERATIVE'S BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2015 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS IS THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. |
| Form 990, Part IX, Line 1 | ALL GRANTS, SPONSORSHIPS AND DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA. ALL DONATIONS ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. EACH GRANT, SCHOLARSHIP AND/OR DONATION MADE DURING THE YEAR WAS BELOW THE REPORTING THRESHOLD OF SCHEDULE I, PART II. |
| Form 990, Part XI, line 9: | PATRONAGE CAPITAL RETIRED -613,572. PATRONAGE CAPITAL RETIRED - GAIN/(LOSS) 613. PATRONAGE CAPITAL ASSIGNABLE 3,170,012. OTHER COMPREHENSIVE INCOME PROVISION FOR PENSIONS AND BENEFITS 13,400. |
| Form 990, Part XII, Line 2C | THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. |
| Form 990, Part X, Lines 17 and 25 | THE COOPERATIVE PREVIOUSLY INCLUDED ACCRUED EXPENSES (I.E. "ACCRUED COMPENSATED ABSENCES", "ACCRUED TAXES AND "OTHER CURRENT ACCRUED LIABILITES") AS COMPONENTS OF OTHER LIABILITIES ON LINE 25 OF PART X. HOWEVER, FOR THE 2015 CALENDAR YEAR, THE COOPERATIVE BEGAN REPORTING THESE AMOUNTS ON LINE 17 IN ACCORDANCE WITH FORM 99O INSTRUCTIONS. TO INCREASE CONSISTENCY, THE AMOUNT OF $752,752 FOR ACCRUED EXPENSES FOR THE 2014 CALENDAR YEAR HAVE BEEN RECLASSIFIED FROM LINE 25 TO LINE 17. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015
Additional Data
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