Form 990, Page 6, Part VI, Line 6
“The cooperative has 2,144 members who are also the consumers of the electricity sold by the cooperative.”
990 • Fiscal year 2018 • EIN 01-0333304
Scores are not available for this record yet.
Assets
Flat$20,732,081
Flat from 2018
Net Assets
Flat$6,620,799
Flat from 2018
Liabilities
Flat$14,111,282
Flat from 2018
Revenue
Flat$2,502,615
Flat from 2018
Expenses
Flat$2,502,615
Flat from 2018
Net Income
Flat$0
Flat from 2018
To provide reliable electric service at the lowest cost to residential, commercial and industrial customers on the islands of vinalhaven and north haven maine.
Distribution of electrical services to vinalhaven and north haven islands in maine.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $18,835,462 | $18,272,126 | ▼ $563,336 |
| Rtn Earn Endowment Incm Other Fnds | $6,424,936 | $6,596,489 | ▲ $171,553 |
| Cash and Non-Interest-Bearing Accounts | $1,093,810 | $1,500,840 | ▲ $407,030 |
| Accounts Receivable | $685,158 | $548,561 | ▼ $136,597 |
| Inventories for Sale or Use | $187,913 | $165,358 | ▼ $22,555 |
| Investments Program Related | $156,197 | $162,082 | ▲ $5,885 |
| Prepaid Expenses and Deferred Charges | $44,890 | $48,253 | ▲ $3,363 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $24,070 | $24,310 | ▲ $240 |
| Total Assets | $21,056,670 | $20,732,081 | ▼ $324,589 |
| Other Assets Total | $53,240 | $34,861 | ▼ $18,379 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $14,219,801 | $13,760,649 | ▼ $459,152 |
| Accounts Payable and Accrued Expenses | $373,861 | $340,688 | ▼ $33,173 |
| Other Liabilities | $14,002 | $9,945 | ▼ $4,057 |
| Total Liabilities | $14,607,664 | $14,111,282 | ▼ $496,382 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $6,449,006 | $6,620,799 | ▲ $171,793 |
| Total Liabilities and Net Assets / Fund Balance | $21,056,670 | $20,732,081 | ▼ $324,589 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $17,685,354 | $8,820,639 | $26,505,993 |
| Buildings | $192,152 | $315,552 | $507,704 |
| Other Land Buildings | $275,734 | - | $275,734 |
| Land | $118,886 | - | $118,886 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Charles a Farrington | General Mana | FT | $110,038 | $51,791 | $161,829 |
| Charles a Farrington | General Manager | - | $110,038 | $51,791 | $161,829 |
| Jeffrey Martin | Director | - | $120 | - | $120 |
| Patrick Trainor | Asst. Vice P | - | $120 | - | $120 |
| Dennis Pratt | Director | - | $110 | - | $110 |
| Aaron Cabot | Director | - | $100 | - | $100 |
| David Jermann | Secretary | - | $100 | - | $100 |
| Randy Pitts | President | - | $100 | - | $100 |
| Sheri Romer Day | Treasurer | - | $100 | - | $100 |
| Lois Candage | Director | - | $80 | - | $80 |
| Chad King | Director | - | $40 | - | $40 |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| General Electric Company | Maintenance | 534 GRIFFIN ROAD, Bangor, ME 04401 | $171,410 |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,860,523 |
| Salaries, Compensation, and Employee Benefits | $468,738 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | - | - | - | $853,334 |
| Interest | - | - | - | $533,291 |
| Other Salaries and Wages | - | - | - | $321,820 |
| Benefits to Members | - | - | - | $173,354 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $110,908 |
| Insurance | - | - | - | $100,517 |
| All Other Expenses | - | - | - | $41,886 |
| Fees for Services Accounting | - | - | - | $37,150 |
| Payroll Taxes | - | - | - | $34,364 |
| Fees for Services Legal | - | - | - | $29,233 |
| Fees for Services Other | - | - | - | $29,141 |
| Office Expenses | - | - | - | $22,060 |
| Other Expenses | - | - | - | $15,916 |
| Fees for Services Management | - | - | - | $7,456 |
| Occupancy | - | - | - | $2,892 |
| Other Employee Benefits | - | - | - | $1,596 |
| Information Technology | - | - | - | $1,001 |
| Comp Disqual Persons | - | - | - | $50 |
| Total Functional Expenses | $0 | $0 | $0 | $2,502,615 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Deferred Credits | $9,945 |
“The cooperative has 2,144 members who are also the consumers of the electricity sold by the cooperative.”
“The 2,149 members of the cooperative annually elect members of the board of directors, the governing body.”
“Certain actions, such as the sale of property, joining or investing in another organization or bylaw changes made by the governing body require member approval.”
“The form 990 is prepared by an independent accounting firm. The governing body delegated the review, approval and signing of the 990 to the general manager of the cooperative.”
“The review consists of board deliberation and approval and review of a national compensation study.”
“Upon requests and the bylaws of the cooperative are provided to all new members.”
“New memberships issued and subscribed for 930 patronage margins allocated to members 173,354 patronage rebates -2,491 total 171,793”
“Consideration has been given to uncertain tax positions for both entities. The federal income tax returns for the years ended after december 31, 2015, remain open for potential examination by major tax jurisdictions, generally for three years after they were filed.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/PrincipalOfficerNm | 0 | AARON CABOT |
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| IRS990/PYTotalRevenueAmt | 0 | 2552581 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 6424936 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 6596489 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 192152 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 315552 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 507704 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 17685354 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 8820639 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 26505993 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 118886 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 118886 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 275734 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 275734 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 9945 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEFERRED CREDITS |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | CONSIDERATION HAS BEEN GIVEN TO UNCERTAIN TAX POSITIONS FOR BOTH ENTITIES. THE FEDERAL INCOME TAX RETURNS FOR THE YEARS ENDED AFTER DECEMBER 31, 2015, REMAIN OPEN FOR POTENTIAL EXAMINATION BY MAJOR TAX JURISDICTIONS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 18272126 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 9945 |
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| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/HousingAllowanceOrResidenceInd | 0 | X |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 110038 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 51791 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | CHARLES A FARRINGTON |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | GENERAL MANAGER |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 161829 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SubstantiationRequiredInd | 0 | false |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | THERE IS NO WRITTEN AGREEMENT FOR THE GENERAL MANAGER'S USE OF THE RESIDENCE. THE HOUSE IS DESIGNATED BY THE COOPERATIVE AS THE GENERAL MANAGER'S HOUSE. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE J, PAGE 1, PART I, LINE 1B |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE COOPERATIVE HAS 2,144 MEMBERS WHO ARE ALSO THE CONSUMERS OF THE ELECTRICITY SOLD BY THE COOPERATIVE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE 2,149 MEMBERS OF THE COOPERATIVE ANNUALLY ELECT MEMBERS OF THE BOARD OF DIRECTORS, THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CERTAIN ACTIONS, SUCH AS THE SALE OF PROPERTY, JOINING OR INVESTING IN ANOTHER ORGANIZATION OR BYLAW CHANGES MADE BY THE GOVERNING BODY REQUIRE MEMBER APPROVAL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE GOVERNING BODY DELEGATED THE REVIEW, APPROVAL AND SIGNING OF THE 990 TO THE GENERAL MANAGER OF THE COOPERATIVE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE REVIEW CONSISTS OF BOARD DELIBERATION AND APPROVAL AND REVIEW OF A NATIONAL COMPENSATION STUDY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | UPON REQUESTS AND THE BYLAWS OF THE COOPERATIVE ARE PROVIDED TO ALL NEW MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | NEW MEMBERSHIPS ISSUED AND SUBSCRIBED FOR 930 PATRONAGE MARGINS ALLOCATED TO MEMBERS 173,354 PATRONAGE REBATES -2,491 TOTAL 171,793 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XI, LINE 9 |
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| IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | FOX ISLANDS WIND LLC |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN | 0 | 263102032 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt | 0 | 11022044 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd | 0 | ME |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt | 0 | GENERATION |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt | 0 | 58519 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt | 0 | 66 MAIN ST |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm | 0 | VINALHAVEN |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd | 0 | ME |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd | 0 | 04863 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 20732081 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 21056670 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 20732081 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalEmployeeCnt | 0 | 17 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 2502615 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 14607664 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 14111282 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 14607664 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 14111282 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 6449006 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 6620799 |
| IRS990/TotalOtherCompensationAmt | 0 | 51791 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 110908 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2502615 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 2502615 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 21056670 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 20732081 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 66 MAIN STREET |
| IRS990/USAddress/AddressLine2Txt | 0 | PO BOX 527 |
| IRS990/USAddress/CityNm | 0 | VINALHAVEN |
| IRS990/USAddress/StateAbbreviationCd | 0 | ME |
| IRS990/USAddress/ZIPCd | 0 | 04863 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 9 |
| IRS990/VotingMembersIndependentCnt | 0 | 9 |
| IRS990/WebsiteAddressTxt | 0 | WWW.FOXISLANDS.NET |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHARLES A FARRINGTON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | GENERAL MANAGER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2078634636 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-05-01 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FOX ISLANDS ELECTRIC COOPERATIVE |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FOXI |
| ReturnHeader/Filer/EIN | 0 | 010333304 |
| ReturnHeader/Filer/PhoneNum | 0 | 2078634636 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 66 MAIN STREET PO BOX 527 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | VINALHAVEN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | ME |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 04863 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 7B115758C07661742B3A4366E9445DF58F8B1F11 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 9372F4EAF97AE9330CCC3E72B3022F732052C3E0 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 50.199.202.253 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-05-10 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 13:45:03 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 030302296 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | KITTELL BRANAGAN & SARGENT |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.