Civic Intelligence

Shelby Electric Cooperative

990 • Fiscal year 2017 • EIN 37-0512347

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 31, 2018

Organization Profileshelbyelectric.coop
PO Box 560Shelbyville, IL 62565

(217) 774-3986

Siviq Scores

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

Liabilities / Assets

41st percentile

0.50x

Higher debt load relative to assets than 41% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

24th percentile

0.94x

Higher debt load relative to revenue than 24% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Net Margin

88th percentile

9.0%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$248,264

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Asset Growth

29th percentile

1.2%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

47th percentile

1.9%

Faster revenue growth than 47% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$68,536,066

Up $843,407 (+1.2%) from 2016

Net Assets

Up

$34,079,291

Up $3,333,449 (+11%) from 2016

Liabilities

Down

$34,456,775

Down $2,490,042 (-6.7%) from 2016

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin88th percentile

Revenue

Up

$36,581,683

Up $665,517 (+1.9%) from 2016

Expenses

Up

$33,279,648

Up $86,315 (+0.3%) from 2016

Net Income

Up

$3,302,035

Up $579,202 (+21%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$100M$50M$0Assets 2010: $55,463,443Liabilities 2010: $35,899,186Net Assets 2010: $19,564,2572010Assets 2011: $55,296,770Liabilities 2011: $36,323,235Net Assets 2011: $18,973,5352011Assets 2012: $56,811,514Liabilities 2012: $37,173,350Net Assets 2012: $19,638,1642012Assets 2013: $59,426,358Liabilities 2013: $37,093,932Net Assets 2013: $22,332,4262013Assets 2015: $65,116,853Liabilities 2015: $37,244,532Net Assets 2015: $27,872,3212015Assets 2016: $67,692,659Liabilities 2016: $36,946,817Net Assets 2016: $30,745,8422016Assets 2017: $68,536,066Liabilities 2017: $34,456,775Net Assets 2017: $34,079,2912017Assets 2018: $70,553,044Liabilities 2018: $33,496,283Net Assets 2018: $37,056,7612018Assets 2019: $74,014,876Liabilities 2019: $33,376,363Net Assets 2019: $40,638,5132019Assets 2020: $76,480,054Liabilities 2020: $30,900,902Net Assets 2020: $45,579,1522020Assets 2021: $76,941,402Liabilities 2021: $28,451,627Net Assets 2021: $48,489,7752021Assets 2022: $82,582,936Liabilities 2022: $30,685,582Net Assets 2022: $51,897,3542022Assets 2023: $83,722,438Liabilities 2023: $28,894,281Net Assets 2023: $54,828,1572023Assets 2024: $89,151,698Liabilities 2024: $31,128,364Net Assets 2024: $58,023,3342024

Highlighted filing

2017

Assets$68,536,066
Liabilities$34,456,775
Net Assets$34,079,291
Open 2017 Filing

Operations Trend

Revenue Growth47th percentile

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

$60M$40M$20M$0Expenses 2010: $28,726,0932010Expenses 2011: $30,517,3022011Expenses 2012: $30,778,6382012Revenue 2013: $33,366,676Expenses 2013: $30,661,477Net Income 2013: $2,705,1992013Revenue 2015: $35,776,046Expenses 2015: $32,677,171Net Income 2015: $3,098,8752015Revenue 2016: $35,916,166Expenses 2016: $33,193,333Net Income 2016: $2,722,8332016Revenue 2017: $36,581,683Expenses 2017: $33,279,648Net Income 2017: $3,302,0352017Revenue 2018: $38,434,600Expenses 2018: $36,712,288Net Income 2018: $1,722,3122018Revenue 2019: $37,349,704Expenses 2019: $37,349,704Net Income 2019: $02019Revenue 2020: $37,473,892Expenses 2020: $37,473,892Net Income 2020: $02020Revenue 2021: $36,550,827Expenses 2021: $36,550,827Net Income 2021: $02021Revenue 2022: $38,433,374Expenses 2022: $38,433,374Net Income 2022: $02022Revenue 2023: $42,327,754Expenses 2023: $39,893,084Net Income 2023: $2,434,6702023Revenue 2024: $41,500,292Expenses 2024: $38,565,728Net Income 2024: $2,934,5642024

Highlighted filing

2017

Revenue$36,581,683
Expenses$33,279,648
Net Income$3,302,035
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 31, 2018
Return Version
2017v2.2
Gross Receipts
$36,637,948
Mission and Program Overview

Mission

To provide reliable electric power and related services to our members at the most affordable cost.

To provide reliable electric and broadband internet service to our consumer/members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$33,649,887$33,827,467▲ $177,580
Rtn Earn Endowment Incm Other Fnds$28,498,179$31,785,975▲ $3,287,796
Investments Program Related$17,677,644$18,330,924▲ $653,280
Prepaid Expenses and Deferred Charges$4,242,047$4,941,653▲ $699,606
Accounts Receivable$4,286,492$4,609,869▲ $323,377
Other Notes and Loans Receivable, Net$5,069,084$4,500,556▼ $568,528
Cap Stk Tr Prin Current Funds$2,247,663$2,293,316▲ $45,653
Cash and Non-Interest-Bearing Accounts$2,110,910$1,648,516▼ $462,394
Inventories for Sale or Use$656,595$677,081▲ $20,486
Total Assets$67,692,659$68,536,066▲ $843,407
Liabilities
Mortgage Notes Payable Secured by Investment Property$32,103,823$29,881,768▼ $2,222,055
Accounts Payable and Accrued Expenses$3,064,538$2,783,636▼ $280,902
Other Liabilities$1,548,131$1,570,239▲ $22,108
Deferred Revenue$230,325$221,132▼ $9,193
Total Liabilities$36,946,817$34,456,775▼ $2,490,042
Net Assets / Fund Balance
Total Net Assets Fund Balance$30,745,842$34,079,291▲ $3,333,449
Total Liabilities and Net Assets / Fund Balance$67,692,659$68,536,066▲ $843,407

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$29,691,274$25,813,195$55,504,469
Equipment$2,818,637$7,615,469$10,434,106
Buildings$1,117,859$2,269,645$3,387,504
Land$199,697-$199,697
Investment Program Related Org$38,538--
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Josh M ShallenbergerCEO/CFOFT$187,061$61,203$248,264
Josh M Shallenberger--$176,926$71,338$248,264
James a MatlockCOOFT$120,205$95,242$215,447
James a Matlock--$120,070$95,377$215,447
Brian R ChevalierOperationsFT$123,100$45,998$169,098
Brian R Chevalier--$122,965$46,133$169,098
Andrew M McdonaldOperationsFT$110,161$38,160$148,321
Terry L OldhamOperationsFT$111,782$18,952$130,734
Brent LivelyDirector-$4,950-$4,950
John M ScottDirector-$4,725-$4,725
Robert G HolthausDirector-$3,825-$3,825
Mark LashDirector-$3,825-$3,825
Bennie L ClawsonDirector-$3,600-$3,600
Brian HalbrookDirector-$3,600-$3,600
Larry E DurbinDirector-$2,475-$2,475

Highest Paid Contractors

ContractorServicesLocationCompensation
Prairie Power INCSubstation Contracting3130 PLEASANT RUN RD, Springfield, IL 62701$452,583
Nelson Tree ServiceTree Trimming4489 SOLUTION CENTER 774489, Chicago, IL 60677$157,742
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$36,566,745
Investment Income
$41,530
Other Revenue
$-26,592
Change in Net Assets
$3,302,035

Audited Revenue Reconciliation

Revenue per Audited Statements
$36,559,056
Revenue Not Reported on Form 990
$58,954
Total Revenue per Audited Statements
$36,618,010
Total Revenue per Form 990
$36,559,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,627,880
Salaries, Compensation, and Employee Benefits$3,492,322
Grants and Similar Amounts Paid$22,627
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,813,238$0$0$2,813,238
Depreciation Depletion$2,565,602$0$0$2,565,602
All Other Expenses$2,343,166$0$0$2,343,166
Interest$1,651,727$0$0$1,651,727
Current Officers, Directors, Trustees, and Key Employees$679,084$0$0$679,084
Other Expenses$294,485$0$0$294,485
Benefits to Members$136,819--$136,819
Grants to Domestic Orgs$19,627--$19,627
Grants to Domestic Individuals$3,000--$3,000
Total Functional Expenses$33,279,648$0$0$33,279,648

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$33,257,021
Expenses per Audited Statements$33,179,156
Total Expenses per Audited Statements$33,179,156
Expenses Not Reported on Financial Statements$77,865
Other Expense Adjustments$77,865
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accumulated Provision for Post Retriement Benefits$1,570,239
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Shelby Electric Cooperative
EIN
37-0512347
Phone
2177743986
Address
PO BOX 560, SHELBYVILLE, IL 62565

Signing Officer

Name
Josh Shallenberger
Title
President/CEO
Phone
2177743986
Signed
2018-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Shallenberger
Formed
1938
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
56
Volunteers
0

Preparer

Firm
Kevin S Kelso CPA PC PA
Address
6700 Squibb Rd Ste 215, Mission, KS 66202
Preparer
Darel W Packard CPA
Phone
9138311150
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“MEMBER OWNED COOPERATIVE”

Pt VI, Line 7A

“Members elect the board of directors”

Pt VI, Line 7B

“MEMBERS MUST APPROVE (a)CHANGES TO ARTICLES OF INCORPORATION AND/OR BYLAWS; (b)CONSOLIDATION, ANY MERGER OF ALL OR SUBSTANTIALLY ALL OF COOPERATIVE'S PROPERTY NOT IN THE ORDINARY COURSE OF BUSINESS, AND(c) REMOVAL OF DIRECTOR”

Pt VI, Line 11B

“Emailed to each member of board of directors for review and comment prior to filing.”

Pt VI, Line 12C

“The annual disclosures are reviewed by the cooperative's legal counsel to determine whether any interests conflict with director's participation in board of director decisions”

Pt VI, Line 15A

“Yearly appraisals with salary set according to compensation survey data.”

Pt VI, Line 15B

“Review of national and regional salary surveys as well as internal position reviews.”

Pt VI, Line 19

“AVAILABLE UPON REQUEST”

Pt XI

“LINE 9:”

Pt XI

“Donated capital credit (1,085)”

Pt XI

“Retired capital credit gains 31,876”

Pt XI

“Discounted capital credits 623”

Pt XI

“Line 9: total other changes in net assets 31,414”

Form 990, Part IX, Line 24E

“Customer service 113509. 113509. 0. 0.”

Form 990, Part IX, Line 24E

“Admin & general 1297219. 1297219. 0. 0.”

Form 990, Part IX, Line 24E

“Taxes 932438. 932438. 0. 0.”

Financial Statement Notes

Pt X, Line 2

“An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the cooperative. While the cooperative believes they have adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the cooperative. The cooperative recognizes any interest and penalties assessed by taxing authorities in income tax expense and, with few exceptions, are no longer subject to federal, state, or local tax examinations by tax authorities for years before 2014.”

Pt XI, Line 2D

“990-t activity reclassified for return (58,955)”

Pt XI, Line 2D

“ROUNDING 1”

Pt XII, Line 2D

“NET CHANGE ON LINE 4b (58,954)”

Pt XII, Line 4B

“Retired capital credits 136,819”

Pt XII, Line 4B

“ROUNDING 1”

Pt XII, Line 4B

“NET CHANGE ON LINE 4b 77,865”

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IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt8COO
IRS990/Form990PartVIISectionAGrp/TitleTxt9OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt10OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt11OPERATIONS
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-53306
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt03000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt019627
IRS990/GrantsToDomesticOrgsGrp/TotalAmt019627
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02959
IRS990/GrossReceiptsAmt036637948
IRS990/GrossRentsGrp/PersonalAmt02363
IRS990/GrossRentsGrp/RealAmt030000
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt01651727
IRS990/InterestGrp/TotalAmt01651727
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0656595
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0677081
IRS990/InvestmentIncomeGrp/ExclusionAmt095007
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt094836
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0-171
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt017677644
IRS990/InvestmentsProgramRelatedGrp/EOYAmt018330924
IRS990/IRPDocumentCnt050
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt035698309
IRS990/LandBldgEquipBasisNetGrp/BOYAmt033649887
IRS990/LandBldgEquipBasisNetGrp/EOYAmt033827467
IRS990/LandBldgEquipCostOrOtherBssAmt069525776
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt056265
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt035229075
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE RELIABLE ELECTRIC AND
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt032103823
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt029881768
IRS990/NetAssetsOrFundBalancesBOYAmt030745842
IRS990/NetAssetsOrFundBalancesEOYAmt034079291
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-53306
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-53306
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt032363
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt032363
IRS990/NetUnrelatedBusTxblIncmAmt0-9447
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt031414
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION OPERATIONS
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION MAINT
IRS990/OtherExpensesGrp/Desc3CONSUMER ACCOUNTS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt020940118
IRS990/OtherExpensesGrp/ProgramServicesAmt1444588
IRS990/OtherExpensesGrp/ProgramServicesAmt21388194
IRS990/OtherExpensesGrp/ProgramServicesAmt3294485
IRS990/OtherExpensesGrp/TotalAmt020940118
IRS990/OtherExpensesGrp/TotalAmt1444588
IRS990/OtherExpensesGrp/TotalAmt21388194
IRS990/OtherExpensesGrp/TotalAmt3294485
IRS990/OtherLiabilitiesGrp/BOYAmt01548131
IRS990/OtherLiabilitiesGrp/EOYAmt01570239
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/Desc0FORM 990-T REVENUE
IRS990/OtherRevenueMiscGrp/Desc1FORM 990-T EXPENSES
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0439992
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-498947
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0439992
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt1-498947
IRS990/OtherRevenueTotalAmt0-58955
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02813238
IRS990/OtherSalariesAndWagesGrp/TotalAmt02813238
IRS990/OtherSourcesGrossIncomeAmt01735946
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05069084
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04500556
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04242047
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04941653
IRS990/PrincipalOfficerNm0JOSH SHALLENBERGER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1OTHER OPERATING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2RENT FROM ELECTRIC PROPERTY
IRS990/ProgramServiceRevenueGrp/Desc3CAPITAL CREDITS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt09376
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt033754846
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11253190
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29376
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31549333
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0118724
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt039041
IRS990/PYInvestmentIncomeAmt022766
IRS990/PYOtherExpensesAmt029805016
IRS990/PYOtherRevenueAmt032946
IRS990/PYProgramServiceRevenueAmt035860454
IRS990/PYRevenuesLessExpensesAmt02722833
IRS990/PYSalariesCompEmpBnftPaidAmt03230552
IRS990/PYTotalExpensesAmt033193333
IRS990/PYTotalRevenueAmt035916166
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt03302035
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt02363
IRS990/RentalIncomeOrLossGrp/RealAmt030000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt028498179
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt031785975
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01117859
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02269645
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03387504
IRS990ScheduleD/EquipmentGrp/BookValueAmt02818637
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07615469
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010434106
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt077865
IRS990ScheduleD/ExpensesSubtotalAmt033179156
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0922759
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt111561241
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt25808386
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt338538
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0SUBORDINATED CERTIFICATES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENTS IN ASSOCIATED ORGANIZATIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2OTHER INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3NONUTILITY PROPERTY
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt0199697
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0199697
IRS990ScheduleD/OtherExpensesNotIncludedAmt077865
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029691274
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt025813195
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055504469
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01570239
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUMULATED PROVISION FOR POST RETRIEMENT BENEFITS
IRS990ScheduleD/OtherRevenueAmt058954
IRS990ScheduleD/RevenueNotReportedAmt058954
IRS990ScheduleD/RevenueSubtotalAmt036559056
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AN EVALUATION OF WHETHER OR NOT IT HAS ANY UNCERTAIN TAX POSITIONS IS DETERMINED ON AN ANNUAL BASIS BY THE COOPERATIVE. WHILE THE COOPERATIVE BELIEVES THEY HAVE ADEQUATELY PROVIDED FOR ALL TAX POSITIONS, AMOUNTS ASSERTED BY TAXING AUTHORITIES COULD BE DIFFERENT THAN THE POSITIONS TAKEN BY THE COOPERATIVE. THE COOPERATIVE RECOGNIZES ANY INTEREST AND PENALTIES ASSESSED BY TAXING AUTHORITIES IN INCOME TAX EXPENSE AND, WITH FEW EXCEPTIONS, ARE NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1990-T ACTIVITY RECLASSIFIED FOR RETURN (58,955)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ROUNDING 1
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3NET CHANGE ON LINE 4b (58,954)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4RETIRED CAPITAL CREDITS 136,819
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5ROUNDING 1
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt6NET CHANGE ON LINE 4b 77,865
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XII, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XII, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XII, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XII, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt033827467
IRS990ScheduleD/TotalBookValueProgramRltdAmt018330924
IRS990ScheduleD/TotalExpensesPerForm990Amt033257021
IRS990ScheduleD/TotalLiabilityAmt01570239
IRS990ScheduleD/TotalRevenuePerForm990Amt036559056
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt036618010
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt033179156
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0176926
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1120070

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$68,536,066
Liabilities
$34,456,775
Net assets
$34,079,291
Revenue
$36,581,683
Expenses
$33,279,648
Net income
$3,302,035
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$89.2$31.1$58.0$41.5$38.6$2.93
2023Detailed filing. Detailed filing data is available for this year.$83.7$28.9$54.8$42.3$39.9$2.43
2022Detailed filing. Detailed filing data is available for this year.$82.6$30.7$51.9$38.4$38.4$0.00
2021Detailed filing. Detailed filing data is available for this year.$76.9$28.5$48.5$36.6$36.6$0.00
2020Detailed filing. Detailed filing data is available for this year.$76.5$30.9$45.6$37.5$37.5$0.00
2019Detailed filing. Detailed filing data is available for this year.$74.0$33.4$40.6$37.3$37.3$0.00
2018Detailed filing. Detailed filing data is available for this year.$70.6$33.5$37.1$38.4$36.7$1.72
2017Detailed filing. Detailed filing data is available for this year.$68.5$34.5$34.1$36.6$33.3$3.30
2016Detailed filing. Detailed filing data is available for this year.$67.7$36.9$30.7$35.9$33.2$2.72
2015Detailed filing. Detailed filing data is available for this year.$65.1$37.2$27.9$35.8$32.7$3.10
2013Detailed filing. Detailed filing data is available for this year.$59.4$37.1$22.3$33.4$30.7$2.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.8$37.2$19.6$30.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.3$36.3$19.0$30.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.5$35.9$19.6$28.7