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.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Inspection
Name of the organization
Flint Hills Rural Electric
Cooperative Association Inc
Cooperative Association Inc
Employer identification number
48-0222950
48-0222950
| Return Reference | Explanation |
|---|---|
| Form 990, Part I, Line 15 | Line 15 is a total of Part IX lines 5-10. In 2018, the cooperative elected to use the financial statement format for expenses on the Form 990. The electric cooperative industry accounting standards require salaries to be placed in their functional expense. Therefore, the only salaries listed on line 15 are those which are listed on Part IX, Line 5. These salaries include those of current officers, directors, trusteees, and key employees. |
| Form 990, Part VI, Section A, line 6 | Flint Hills Cooperative is a member owned Cooperative. |
| Form 990, Part VI, Section A, line 7a | The Board of Directors are elected by the membership. |
| Form 990, Part VI, Section A, line 7b | The members of the Cooperative make all amendments to the Articles of Incorporation or Bylaws, as well as elect the members of the Board of Directors. |
| Form 990, Part VI, Section A, line 8b | The committees of the Cooperative are not authorized to act on behalf of the governing body. |
| Form 990, Part VI, Section B, line 11b | The staff reviews the Form 990 with the Board of Directors at the board meetings. |
| Form 990, Part VI, Section B, line 12c | The Board enforces the conflict of interest policy. Actions considered inconsistent with the conflict of interest policy are reported to the entire Board. Each trustee and employee must disclose any situation, in which it could appear to violate the intent of the conflict of interest policy. |
| Form 990, Part VI, Section B, line 15 | The Board annually reviews the top management official compensation, and the Board approves compensation changes as a whole. The top management official is responsible for substantiating pay subject to approval from the Board. |
| Form 990, Part VI, Section C, line 19 | Bylaws are offered to all new members; all other documents are available at any time upon request. Bylaws are listed on the Cooperative's website. |
| Form 990, Part VII, Section A Column D | Cooperative is governed by a Board of Trustees elected by fellow members of the cooperative. Most electric cooperatives have Boards of 7-10 leaders who dedicate their time and energy to provide direction of the cooperative. Trustees bring a variety of skills and experiences to the Board room and they do receive compensation, often referred to as per-diem, for attending monthly cooperative board meetings. Often Trustees must miss work or self-employment to attend cooperative board meetings. The compensation is paid for the day of the meeting, but Trustees are not additionally compensated for the extensive work in advance of a Board meeting to study materials and be an effective representative of the membership. Because on-going education is encouraged to further enhance utility knowledge and board skills, Trustees may also receive compensation to attend training sessions. In addition, Trustees may receive compensation to attend other industry meetings when needed. |
| Form 990, Part VII, Section A Column F | (Estimated other compensation)-This column includes amounts that are not part of the employee's take-home pay such as educational assistance, health insurance, medical reimbursement programs, life insurance, disability insurance, long-term care insurance, deferred compensation, and retirement. 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 is 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 changes in actuarial value, all other things being equal. Actual contributions paid by the cooperative during the tax year are significantly less than the actuarial increases required to be listed in this section of the Form 990. Actual R&S contributions paid by the cooperative during the tax year were $19,185.52 for Mr. Hebert and $30,642.48 for Mr. Goeckel. |
| Form 990, Part IX, Line 4 | The instructions to the 2018 Form 990 indicate that organizations exempt under Section 501(c)(12) should report "patronage dividends paid" to their members in Part IX, Line 4 of the Form 990. Flint Hills Rural Electric Cooperative Association, Inc. has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Flint Hills Rural Electric Cooperative Association, Inc. assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2018. |
| Form 990, Part XI, line 9: | Decrease in memberships -1,485. Retirement of capital credits -424,267. Net margins assigned to members 987,525. Other changes -11,842. |
| Form 990, Part XII, Line 2 | Flint Hills Rural Electric Cooperative Association, Inc.'s financial statement year end differs from its tax year end. The cooperative receives audited financial statements on an annual basis for the year ended September 30th. |
| Form 990, Part VII, Section A, Column D | Cooperative is governed by a Board of Trustees elected by fellow members of the cooperative. Most electric cooperatives have Boards of 7-10 leaders who dedicate their time and energy to provide direction of the cooperative. Trustees bring a variety of skills and experiences to the Board room and they do receive compensation, often referred to as per-diem, for attending monthly cooperative board meetings. Often Trustees must miss work or self-employment to attend cooperative board meetings. The compensation is paid for the day of the meeting, but Trustees are not additionally compensated for the extensive work in advance of a Board meeting to study materials and be an effective representative of the membership. Because on-going education is encouraged to further enhance utility knowledge and board skills, Trustees may also receive compensation to attend training sessions. In addition, Trustees may receive compensation to attend other industry meetings when needed. |
| Form 990, Part VII, Section A, Column F | This column includes amounts that are not part of the employee's take-home pay such as educational assistance, health insurance, medical reimbursement programs, life insurance, disability insurance, long-term care insurance, deferred compensation, and retirement. 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 is 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 changes in actuarial value, all other things being equal. Actual contributions paid by the cooperative during the tax year are significantly less than the actuarial increases required to be listed in this section of the Form 990. Actual R&S contributions paid by the cooperative during the tax year were $19,185.52 for Mr. Hebert and $30,642.48 for Mr. Goeckel. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2018
Additional Data
| Software ID: | |
| Software Version: |