Civic Intelligence

Adams Electric Cooperative

990 • Fiscal year 2016 • EIN 37-0147965

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 20, 2017

Organization Profilewww.adamselectric.coop
PO Box 247Camp Point, IL 62320-0247

(217) 593-7701

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.64x

Higher debt load relative to assets than 78% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

60th percentile

1.48x

Higher debt load relative to revenue than 60% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2016

Net Margin

77th percentile

5.5%

Higher net margin than 77% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

61st percentile

$248,441

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2016

Asset Growth

28th percentile

1.4%

Faster asset growth than 28% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

46th percentile

0.9%

Faster revenue growth than 46% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$53,850,298

Up $734,897 (+1.4%) from 2015

Net Assets

Up

$19,616,717

Up $1,264,941 (+6.9%) from 2015

Liabilities

Down

$34,233,581

Down $530,044 (-1.5%) from 2015

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin77th percentile

Revenue

Up

$23,065,928

Up $199,894 (+0.9%) from 2015

Expenses

Up

$21,802,662

Up $108,175 (+0.5%) from 2015

Net Income

Up

$1,263,266

Up $91,719 (+7.8%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $45,932,828Liabilities 2010: $31,848,928Net Assets 2010: $14,083,9002010Assets 2011: $49,307,584Liabilities 2011: $34,219,222Net Assets 2011: $15,088,3622011Assets 2012: $50,569,330Liabilities 2012: $35,359,268Net Assets 2012: $15,210,0622012Assets 2013: $52,221,337Liabilities 2013: $35,489,197Net Assets 2013: $16,732,1402013Assets 2014: $52,191,543Liabilities 2014: $35,012,999Net Assets 2014: $17,178,5442014Assets 2015: $53,115,401Liabilities 2015: $34,763,625Net Assets 2015: $18,351,7762015Assets 2016: $53,850,298Liabilities 2016: $34,233,581Net Assets 2016: $19,616,7172016Assets 2017: $55,079,271Liabilities 2017: $33,977,349Net Assets 2017: $21,101,9222017Assets 2018: $56,388,608Liabilities 2018: $34,530,735Net Assets 2018: $21,857,8732018Assets 2019: $58,009,563Liabilities 2019: $34,658,823Net Assets 2019: $23,350,7402019Assets 2020: $58,919,326Liabilities 2020: $34,176,022Net Assets 2020: $24,743,3042020Assets 2021: $61,998,273Liabilities 2021: $35,865,355Net Assets 2021: $26,132,9182021Assets 2022: $65,386,496Liabilities 2022: $37,673,627Net Assets 2022: $27,712,8692022Assets 2023: $68,418,571Liabilities 2023: $39,137,607Net Assets 2023: $29,280,9642023Assets 2024: $70,640,838Liabilities 2024: $39,686,041Net Assets 2024: $30,954,7972024

Highlighted filing

2016

Assets$53,850,298
Liabilities$34,233,581
Net Assets$19,616,717
Open 2016 Filing

Operations Trend

Revenue Growth46th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Expenses 2010: $18,804,6032010Expenses 2011: $20,615,8482011Expenses 2012: $20,621,4792012Revenue 2013: $22,288,003Expenses 2013: $20,767,625Net Income 2013: $1,520,3782013Revenue 2014: $22,794,453Expenses 2014: $22,349,699Net Income 2014: $444,7542014Revenue 2015: $22,866,034Expenses 2015: $21,694,487Net Income 2015: $1,171,5472015Revenue 2016: $23,065,928Expenses 2016: $21,802,662Net Income 2016: $1,263,2662016Revenue 2017: $23,499,435Expenses 2017: $22,015,970Net Income 2017: $1,483,4652017Revenue 2018: $24,756,557Expenses 2018: $24,756,557Net Income 2018: $02018Revenue 2019: $25,451,083Expenses 2019: $25,451,083Net Income 2019: $02019Revenue 2020: $24,279,830Expenses 2020: $24,279,830Net Income 2020: $02020Revenue 2021: $24,960,832Expenses 2021: $24,960,832Net Income 2021: $02021Revenue 2022: $26,550,065Expenses 2022: $26,550,065Net Income 2022: $02022Revenue 2023: $28,115,186Expenses 2023: $28,115,186Net Income 2023: $02023Revenue 2024: $28,284,162Expenses 2024: $28,284,162Net Income 2024: $02024

Highlighted filing

2016

Revenue$23,065,928
Expenses$21,802,662
Net Income$1,263,266
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 20, 2017
Return Version
2016v3.0
Gross Receipts
$23,065,928
Mission and Program Overview

Mission

To provide electric energy to our members on a cooperative basis.

Provide electric service to over 8,500 members on a cooperative basis

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$37,661,911$38,101,280▲ $439,369
Rtn Earn Endowment Incm Other Fnds$18,183,996$19,447,262▲ $1,263,266
Investments Program Related$10,992,632$11,399,717▲ $407,085
Accounts Receivable$2,175,926$2,098,885▼ $77,041
Other Notes and Loans Receivable, Net$793,087$716,393▼ $76,694
Inventories for Sale or Use$673,434$585,941▼ $87,493
Prepaid Expenses and Deferred Charges$191,909$534,589▲ $342,680
Savings and Temporary Cash Investments$279,610$292,237▲ $12,627
Cap Stk Tr Prin Current Funds$167,780$169,455▲ $1,675
Cash and Non-Interest-Bearing Accounts$346,892$121,256▼ $225,636
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$53,115,401$53,850,298▲ $734,897
Liabilities
Mortgage Notes Payable Secured by Investment Property$30,007,791$29,484,221▼ $523,570
Accounts Payable and Accrued Expenses$1,870,216$2,053,416▲ $183,200
Tax Exempt Bond Liabilities$2,100,120$1,895,273▼ $204,847
Other Liabilities$785,498$800,671▲ $15,173
Total Liabilities$34,763,625$34,233,581▼ $530,044
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,351,776$19,616,717▲ $1,264,941
Total Liabilities and Net Assets / Fund Balance$53,115,401$53,850,298▲ $734,897

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$37,703,609$17,786,002$55,489,611
Buildings$308,596$1,145,619$1,454,215
Land$89,075-$89,075
Investment Program Related Org$189,836--
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James ThompsonGeneral ManagerFT$201,953$46,488$248,441
Robert WillisTreasurerPT$6,600-$6,600
John KestnerDirector-$4,800-$4,800
Laura MeyerDirectorPT$4,400-$4,400
Kris FarwellDirector-$4,400-$4,400
Rebecca BarlowSecretary-$4,200-$4,200
Alan AchesonDirector-$4,000-$4,000
Jim BenzDirectorPT$3,400-$3,400
Roger BusenVice-President-$3,200-$3,200
Lyle WanerPresident-$2,600-$2,600

Highest Paid Contractors

ContractorServicesLocationCompensation
Grizzly Tree & VegetationROW Clearing213 N IL St, Camp Point, IL 62320$219,650
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$23,020,411
Investment Income
$45,517
Other Revenue
$0
Change in Net Assets
$1,263,266

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,065,928
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$23,065,928
Total Revenue per Form 990
$23,065,928
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,164,416
Salaries, Compensation, and Employee Benefits$239,553
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,683,754--$1,683,754
Interest$1,121,322--$1,121,322
All Other Expenses$848,139--$848,139
Other Expenses$738,455--$738,455
Benefits to Members$398,693--$398,693
Current Officers, Directors, Trustees, and Key Employees$239,553--$239,553
Total Functional Expenses$21,802,662$0$0$21,802,662

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$21,802,662
Expenses per Audited Statements$21,403,969
Total Expenses per Audited Statements$21,403,969
Expenses Not Reported on Financial Statements$398,693
Other Expense Adjustments$398,693
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Adams Electric is a member cooperative of Prairie Power IncPurchase of wholesale energyNo$13,989,481
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regulatory Credits$638,170
Customer Deposits$162,501

Bond Issues

BondIssuerIssuedIssue PricePurpose
BAdams Electric Cooperative CREBs 22011-04-13$1,750,000Clean Renewable Energy Bonds used to construct a wind turbine
AAdams Electric Cooperative CREBs 12009-08-04$1,504,080Clean Renewable Energy Bonds used to construct a wind turbine

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A--$752,040-
B--$1,143,233-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“Each member (customer) has an ownership interest in the cooperative through their interest in the Cooperative's patronage equity capital. Each member is entitled to a vote at the Cooperative's annual meeting.”

Form 990, Part VI, Section A, line 7A

“Directors are elected at-large by the membership at the annual meeting. Each director represents a district within the Cooperative and is elected for a three-year term.”

Form 990, Part VI, Section B, line 11B

“The Cooperative's Federal Form 990 was distributed to the Board of Directors for their review.”

Form 990, Part VI, Section B, line 12C

“The Cooperative's Board and General Manager is responsible for monitoring compliance with the Cooperative's conflict of interest policy.”

Form 990, Part VI, Section B, line 15

“The process for determining the CEO's compensation by the Adams Electric Cooperative board of directors included a review of the CEO's performance, comparisons of other CEO salaries in the state of Illinois and in the Midwest and an in depth deliberation before the ultimate decision was made setting the CEO's compensation. All of this is set forth in the minutes of the Adams Electric Cooperative's Board of Directors.”

Form 990, Part VI, Section C, line 18

“Form 1023 and Form 990 are available upon request of the General manager of the Cooperative.”

Form 990, Part VI, Section C, line 19

“All policies and governing documents are available for public inspection by contacting the general manager. The Cooperative's governing documents are available to each member on the Cooperative's website.”

Filing and Contact Details

Filer

Filer Name
Adams Electric Cooperative
EIN
37-0147965
Phone
2175937701
Address
PO Box 247, Camp Point, IL 62320-0247

Signing Officer

Name
James Thompson
Title
General Manager
Phone
2175937701
Signed
2017-07-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Thompson
Formed
1938
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
41
Volunteers
0

Preparer

Firm
Dennis G Koch CPA
Address
PO Box 1007, Quincy, IL 62306-1007
Preparer
Dennis G Koch
Phone
2172248484
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 4

“This amount represents the patronage margins retired and paid to members for the year.”

Form 990, Part XI, line 9:

“Net increase in memberships 1,675.”

Financial Statement Notes

Part X, Line 2:

“Adams is a not-for-profit corporation which is generally exempt from federal and state income taxes under Section 501(c)(12) of the Internal Revenue Code. Adams is required to file IRS Form 990, Return of Organization Exempt from Income Tax, and pays income tax on unrelated business income, if any, on an annual basis. Future events may arise which could affect this tax-exempt status. Returns for the years ended December 31, 2015, 2014 and 2013 remain subject to examination by the Internal Revenue Service. Adams believes that it has adequately provided for all open years by tax jurisdiction under ASC Section 740, Income Taxes.”

Part XII, Line 4B - Other Adjustments:

“Benefits Paid to or on behalf of members (Patronage Capital Retired) 398,693.”

Raw XML AppendixShowing 400 of 568 raw XML fields

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/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide electric energy to our members on a cooperative basis
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt030007791
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt029484221
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IRS990/NetAssetsOrFundBalancesEOYAmt019616717
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
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IRS990/OtherChangesInNetAssetsAmt01675
IRS990/OtherExpensesGrp/Desc0Purchased & Generated P
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IRS990/OtherExpensesGrp/Desc2Administration
IRS990/OtherExpensesGrp/Desc3Distribution Operations
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IRS990/OtherExpensesGrp/ProgramServicesAmt11552027
IRS990/OtherExpensesGrp/ProgramServicesAmt21072132
IRS990/OtherExpensesGrp/ProgramServicesAmt3738455
IRS990/OtherExpensesGrp/TotalAmt014148587
IRS990/OtherExpensesGrp/TotalAmt11552027
IRS990/OtherExpensesGrp/TotalAmt21072132
IRS990/OtherExpensesGrp/TotalAmt3738455
IRS990/OtherLiabilitiesGrp/BOYAmt0785498
IRS990/OtherLiabilitiesGrp/EOYAmt0800671
IRS990/OtherSourcesGrossIncomeAmt0515555
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0793087
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0716393
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0191909
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0534589
IRS990/PrincipalOfficerNm0James Thompson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0Energy Sales
IRS990/ProgramServiceRevenueGrp/Desc1Capital Credits
IRS990/ProgramServiceRevenueGrp/Desc2Other Electric Revenues
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt021628876
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11140358
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2251177
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt021628876
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11140358
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2251177
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt045558
IRS990/PYOtherExpensesAmt021090556
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt022820476
IRS990/PYRevenuesLessExpensesAmt01171547
IRS990/PYSalariesCompEmpBnftPaidAmt0247507
IRS990/PYTotalExpensesAmt021694487
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt022866034
IRS990/ReconcilationRevenueExpnssAmt01263266
IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt023065928
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt018183996
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt019447262
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0279610
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0292237
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0308596
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01145619
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01454215
IRS990ScheduleD/EquipmentGrp/BookValueAmt037703609
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017786002
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt055489611
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0398693
IRS990ScheduleD/ExpensesSubtotalAmt021403969
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05164757
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1713987
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2902009
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3189836
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4120714
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt54118578
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6189836
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Patronage-Prairie Power
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Patronage-NRUCFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2NRUCFC Certificates
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3Federated Insurance
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4Other Cooperatives
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5Prairie Power Inc
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6CoBank
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/LandGrp/BookValueAmt089075
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt089075
IRS990ScheduleD/OtherExpensesNotIncludedAmt0398693
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0638170
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1162501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Regulatory Credits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Customer Deposits
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt023065928
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Adams is a not-for-profit corporation which is generally exempt from federal and state income taxes under Section 501(c)(12) of the Internal Revenue Code. Adams is required to file IRS Form 990, Return of Organization Exempt from Income Tax, and pays income tax on unrelated business income, if any, on an annual basis. Future events may arise which could affect this tax-exempt status. Returns for the years ended December 31, 2015, 2014 and 2013 remain subject to examination by the Internal Revenue Service. Adams believes that it has adequately provided for all open years by tax jurisdiction under ASC Section 740, Income Taxes.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Benefits Paid to or on behalf of members (Patronage Capital Retired) 398,693.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt038101280
IRS990ScheduleD/TotalBookValueProgramRltdAmt011399717
IRS990ScheduleD/TotalExpensesPerForm990Amt021802662
IRS990ScheduleD/TotalLiabilityAmt0800671
IRS990ScheduleD/TotalRevenuePerForm990Amt023065928
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt023065928
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt021403969
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0201953
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt043732
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt02756
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0James Thompson
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0General Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0248441
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The Board of Directors review compensation, based on industry surveys and employee performance before approving executive compensation.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02009-08-04
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12011-04-13
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0370147965
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1370147965
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt01504080
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt11750000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Adams Electric Cooperative CREBs 1
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1Adams Electric Cooperative CREBs 2
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Clean Renewable Energy Bonds used to construct a wind turbine
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1Clean Renewable Energy Bonds used to construct a wind turbine

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,850,298
Liabilities
$34,233,581
Net assets
$19,616,717
Revenue
$23,065,928
Expenses
$21,802,662
Net income
$1,263,266
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$70.6$39.7$31.0$28.3$28.3$0.00
2023Detailed filing. Detailed filing data is available for this year.$68.4$39.1$29.3$28.1$28.1$0.00
2022Detailed filing. Detailed filing data is available for this year.$65.4$37.7$27.7$26.6$26.6$0.00
2021Detailed filing. Detailed filing data is available for this year.$62.0$35.9$26.1$25.0$25.0$0.00
2020Detailed filing. Detailed filing data is available for this year.$58.9$34.2$24.7$24.3$24.3$0.00
2019Detailed filing. Detailed filing data is available for this year.$58.0$34.7$23.4$25.5$25.5$0.00
2018Detailed filing. Detailed filing data is available for this year.$56.4$34.5$21.9$24.8$24.8$0.00
2017Detailed filing. Detailed filing data is available for this year.$55.1$34.0$21.1$23.5$22.0$1.48
2016Detailed filing. Detailed filing data is available for this year.$53.9$34.2$19.6$23.1$21.8$1.26
2015Detailed filing. Detailed filing data is available for this year.$53.1$34.8$18.4$22.9$21.7$1.17
2014Detailed filing. Detailed filing data is available for this year.$52.2$35.0$17.2$22.8$22.3$0.44
2013Detailed filing. Detailed filing data is available for this year.$52.2$35.5$16.7$22.3$20.8$1.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.6$35.4$15.2$20.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.3$34.2$15.1$20.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.9$31.8$14.1$18.8
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