Civic Intelligence

Allamakee-Clayton Electric Cooperative Inc

990 • Fiscal year 2017 • EIN 42-0110380

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 09, 2018

Organization ProfileWWW.ACREC.COM

View Organization Page

PO Box 715Postville, IA 52162

(563) 864-7611

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.50x

Higher debt load relative to assets than 42% of similar nonprofits.

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

Liabilities / Revenue

50th percentile

1.33x

Higher debt load relative to revenue than 50% of similar nonprofits.

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

Net Margin

65th percentile

2.1%

Higher net margin than 65% of similar nonprofits.

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

Top Officer Pay

16th percentile

$177,373

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

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

Asset Growth

57th percentile

3.3%

Faster asset growth than 57% of similar nonprofits.

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

Revenue Growth

61st percentile

3.5%

Faster revenue growth than 61% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$53,884,039

Up $1,697,687 (+3.3%) from 2016

Net Assets

Up

$26,721,146

Up $928,288 (+3.6%) from 2016

Liabilities

Up

$27,162,893

Up $769,399 (+2.9%) from 2016

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin65th percentile

Revenue

Up

$20,464,707

Up $701,451 (+3.5%) from 2016

Expenses

Up

$20,029,707

Up $461,430 (+2.4%) from 2016

Net Income

Up

$435,000

Up $240,021 (+123%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$100M$50M$0Assets 2010: $43,827,836Liabilities 2010: $20,869,369Net Assets 2010: $22,958,4672010Assets 2011: $44,502,848Liabilities 2011: $21,295,298Net Assets 2011: $23,207,5502011Assets 2012: $45,228,093Liabilities 2012: $21,524,956Net Assets 2012: $23,703,1372012Assets 2013: $46,892,245Liabilities 2013: $22,064,383Net Assets 2013: $24,827,8622013Assets 2014: $48,506,347Liabilities 2014: $23,122,062Net Assets 2014: $25,384,2852014Assets 2015: $49,730,295Liabilities 2015: $24,216,861Net Assets 2015: $25,513,4342015Assets 2016: $52,186,352Liabilities 2016: $26,393,494Net Assets 2016: $25,792,8582016Assets 2017: $53,884,039Liabilities 2017: $27,162,893Net Assets 2017: $26,721,1462017Assets 2018: $55,823,193Liabilities 2018: $28,959,305Net Assets 2018: $26,863,8882018Assets 2019: $56,719,707Liabilities 2019: $29,954,951Net Assets 2019: $26,764,7562019Assets 2020: $58,929,062Liabilities 2020: $32,212,188Net Assets 2020: $26,716,8742020Assets 2021: $67,719,661Liabilities 2021: $40,550,730Net Assets 2021: $27,168,9312021Assets 2022: $67,496,179Liabilities 2022: $40,152,268Net Assets 2022: $27,343,9112022Assets 2023: $73,004,351Liabilities 2023: $45,557,753Net Assets 2023: $27,446,5982023Assets 2024: $83,346,538Liabilities 2024: $56,387,818Net Assets 2024: $26,958,7202024

Highlighted filing

2017

Assets$53,884,039
Liabilities$27,162,893
Net Assets$26,721,146
Open 2017 Filing

Operations Trend

Revenue Growth61st percentile

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

$30M$20M$10M$0Expenses 2010: $16,362,2942010Expenses 2011: $17,357,1402011Expenses 2012: $17,849,1032012Revenue 2013: $18,901,767Expenses 2013: $18,356,767Net Income 2013: $545,0002013Revenue 2014: $19,313,547Expenses 2014: $19,018,547Net Income 2014: $295,0002014Revenue 2015: $19,397,801Expenses 2015: $19,297,816Net Income 2015: $99,9852015Revenue 2016: $19,763,256Expenses 2016: $19,568,277Net Income 2016: $194,9792016Revenue 2017: $20,464,707Expenses 2017: $20,029,707Net Income 2017: $435,0002017Revenue 2018: $21,194,824Expenses 2018: $21,094,824Net Income 2018: $100,0002018Revenue 2019: $21,368,686Expenses 2019: $21,318,685Net Income 2019: $50,0012019Revenue 2020: $21,390,616Expenses 2020: $21,390,616Net Income 2020: $02020Revenue 2021: $21,615,739Expenses 2021: $21,365,739Net Income 2021: $250,0002021Revenue 2022: $23,456,102Expenses 2022: $23,256,102Net Income 2022: $200,0002022Revenue 2023: $24,313,866Expenses 2023: $24,213,866Net Income 2023: $100,0002023Revenue 2024: $24,808,365Expenses 2024: $24,808,365Net Income 2024: $02024

Highlighted filing

2017

Revenue$20,464,707
Expenses$20,029,707
Net Income$435,000
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 9, 2018
Return Version
2017v2.3
Gross Receipts
$20,467,368
Mission and Program Overview

Mission

Allamakee-clayton electric cooperative is dedicated to enhancing the quality of life for our members, partners and neighbors by providing safe, reliable and affordable electric services and other innovative solutions.

Provide safe, reliable and affordable electric services and related innovations in technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$37,284,947$38,319,301▲ $1,034,354
Rtn Earn Endowment Incm Other Fnds$13,641,918$14,368,519▲ $726,601
Pd in Cap Srpls Land Bldg Eqp Fund$12,104,790$12,306,187▲ $201,397
Investments Program Related$10,872,163$11,184,923▲ $312,760
Accounts Receivable$1,802,348$1,871,099▲ $68,751
Investments Other Securities$1,218,776$1,119,148▼ $99,628
Inventories for Sale or Use$488,385$685,750▲ $197,365
Savings and Temporary Cash Investments$308,210$522,704▲ $214,494
Prepaid Expenses and Deferred Charges$189,498$158,944▼ $30,554
Cap Stk Tr Prin Current Funds$46,150$46,440▲ $290
Total Assets$52,186,352$53,884,039▲ $1,697,687
Other Assets Total$22,025$22,170▲ $145
Liabilities
Mortgage Notes Payable Secured by Investment Property$21,490,086$22,506,570▲ $1,016,484
Accounts Payable and Accrued Expenses$2,195,379$2,088,607▼ $106,772
Other Liabilities$1,152,235$1,797,814▲ $645,579
Unsecured Notes Loans Payable$1,537,127$748,321▼ $788,806
Escrow Account Liability$18,667$21,581▲ $2,914
Total Liabilities$26,393,494$27,162,893▲ $769,399
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,792,858$26,721,146▲ $928,288
Total Liabilities and Net Assets / Fund Balance$52,186,352$53,884,039▲ $1,697,687

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$32,192,030$18,801,593$50,993,623
Buildings$4,767,413$1,251,460$6,018,873
Equipment$1,210,292$2,758,692$3,968,984
Land$149,566-$149,566
Investment Program Related Org$4,450--
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul FoxwellExec VP and General ManagerFT$144,866$33,665$178,531
Dan StelpfulgDirector of OperationsFT$113,264$3,798$117,062
David DeckerCFOFT$95,766$8,919$104,685
Roger ArthurPresidentPT$10,800-$10,800
Arlyn FossumDirector-$9,050-$9,050
Michael GibbsVice PresidentPT$8,675-$8,675
Donald MccormickDirectorPT$8,550-$8,550
Robert V SwensonSecretary - TreasurerPT$8,550-$8,550
Larry P LambornDirectorPT$7,300-$7,300
George BeardmoreDirector Until 09/2017PT$6,975-$6,975
John StorbeckDirectorPT$6,550-$6,550
Jeff BradleyDirector Joined 05/2017-$4,950-$4,950
Cindy JeffernDirector Joined 09/2017-$2,350-$2,350
Sarah LopezDirector Until 03/2017-$825-$825

Highest Paid Contractors

ContractorServicesLocationCompensation
Elite Tree ServiceTree Cutting And Vegetation Management1402 WASHINGTON, Pella, IA 50219$339,102
West Union Trenching ServicesTrenching Services10715 HARDING RD, West Union, IA 52175$244,977
Asplundh Tree Expert CompanyTree Cutting And Vegetation Management1700 SOLUTIONS CENTER, Chicago, IL 60677$237,323
Tjader & Highstrom Utility ServicesElectric Line Construction541 INDUSTRIAL BLVD, New Richmond, WI 54017$137,755
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,362,650
Investment Income
$102,057
Other Revenue
$0
Change in Net Assets
$435,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,464,707
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,073,673
Total Revenue per Audited Statements
$19,391,034
Total Revenue per Form 990
$20,464,707
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,255,921
Salaries, Compensation, and Employee Benefits$3,742,828
Grants and Similar Amounts Paid$11,693
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,693,261
Depreciation Depletion---$1,888,360
Benefits to Members---$1,019,265
Other Expenses---$888,864
Interest---$881,747
Pension Plan Contributions---$436,053
Current Officers, Directors, Trustees, and Key Employees---$390,066
Payroll Taxes---$223,448
Grants to Domestic Orgs---$11,693
All Other Expenses---$-1,705,731
Total Functional Expenses$0$0$0$20,029,707

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$20,029,707
Expenses per Audited Statements$17,936,769
Total Expenses per Audited Statements$17,936,769
Expenses Not Reported on Financial Statements$2,092,938
Other Expense Adjustments$2,092,938
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Postretirement Benefit Obligation$966,328
Deferred Credits$746,173
Customer Deposits$85,313
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

“Allamakee-clayton electric cooperative has two classes of members. Classes of members are class a members (traditional members of the cooperative) and class b members (municipal utilities). Class distinction is for the purpose of allocation of cooperative patronage.”

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

“Allamakee-clayton electric cooperative has two classes of members with each class having equal voting rights.”

Form 990, Part VI, Section A, Line 8B

“No committees of the organization have broad authority to act on behalf of the governing body.”

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

“Form 990 is reviewed by the executive vice president and general manager, cooperative attorney and director of finance before it is filed. The board of directors will be provided with the final draft before it is filed. The director of finance reviews and verifies all financial numbers and calculations to ensure they accurately reflect financial statement information. A questionnaire is provided by the form 990 preparer which is completed by the director of finance. Cooperative board policies and operating procedures are reviewed in the process of completing the questionnaire. The cooperative attorney reviews form 990 prior to its being filed to verify that questions are answered correctly and the form is completed properly.”

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

“Board governance policy no. 407, "conflicts of interest", imposes a self-policing requirement for each director to disclose situations or circumstances that pose a conflict of interest or the appearance of a conflict of interest. According to the policy, a director may request an opinion from the cooperative's general counsel to determine if a particular situation poses a conflict of interest or the appearance thereof. The policy further assigns responsibility to the board of directors and the general manager with advice of the general counsel to assure compliance with the policy. The policy requires each director to annually sign a conflict of interest disclosure statement.”

Form 990, Part VI, Section B, Line 15

“In setting salaries and wages, the board of directors considers changes to the consumer price index as reported by the u.s. Department of labor; the wage adjustments reported by neighboring rural electric cooperatives; local economic conditions; the cooperative's competitive position in the community and within the industry; area employment information; the cooperative's fiscal conditions, and its financial ability. Compensation changes for employees are reviewed by the general manager, director of finance, and accountant to ensure compensation is in accordance with the cooperative salary and wage plans and/or union contract. The salary and wage plan and union contract are reviewed and approved by the board of directors. The above processes were undertaken in 2017.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon written request.”

FORM 990, PART VII, COLUMN F, OTHER COMPENSATION:

“Included in other compensation is the estimated current year increase or decrease in the actuarial value of the defined benefit plan for the executive vp/general manager and director of finance/admin services. The current year increase or decrease does not represent current year contributions to the plan. Rather, it is an estimate of the increase or decrease in the actuarial value of the plan as calculated by the plan administrator.”

Filing and Contact Details

Filer

Filer Name
Allamakee-clayton Electric
EIN
42-0110380
Phone
5638647611
Address
PO BOX 715, POSTVILLE, IA 52162

Signing Officer

Name
Paul Foxwell
Title
Exec VP and General Manager
Phone
5638647611
Signed
2018-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Foxwell
Formed
1938
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
44
Volunteers
0

Preparer

Firm
Eide Bailly Llp
Address
200 EAST 10TH ST PO BOX 5125, SIOUX FALLS, SD 57117-5125
Preparer
Laurie Hanson
Phone
6053391999
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Acec added a community solar system on july 1st, 2017. Members have the opportunity to subscribe to the output of our community solar panels. Acec collects a fee for each solar panel subscription and the member receives a credit on their bill each month for the output of the solar panel multiplied by our single-phase energy rate.”

FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES:

“The labor, pension and payroll taxes reported on lines 6-10 are included in distribution expense, administrative & general expense and customer expense. Therefore, labor, pension and payroll taxes are shown as a reduction to other expenses on line 24e.”

FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS:

“The cooperative has interpreted the instructions to part ix, line 4, to mean patronage capital allocated for the year, rather than patronage capital retired. This is consistent with the by-laws of the cooperative.”

FORM 990, PART XI, LINE 9:

“Memberships - net change 290. Retirement of capital credits -526,267. Allocation of 2017 margins in 2018 1,019,265.”

Financial Statement Notes

PART IV, LINE 2B:

“Allamakee-clayton electric (acec) established recare, a customer contribution fund in which members of acec can assist other members who need help paying electric bills. Acec collects contributions from members and disburses funds to beneficiaries who meet eligibility criteria as established by a recare council. The recare council consists of a representative of northeast iowa community action, a representative of shepherd of the hills, and the allamakee-clayton electric general manager. The recare council meets annually to review the program and make any changes to the program. A beneficiary must be referred by northeast iowa community action corporation, shepherd of the hills, a pastor of a church, a veteran's organization or similar social services office. Documentation on the appropriate form, along with the name of the referring agency or person is required before funds are approved for disbursement. Applications for funds are reviewed by acec staff and the general manager to determine if the applicant meets qualifications. If approved, notification of approval and the amount of funds is provided to the recipient, recare council representatives from northeast iowa community action and shepherd of the hills.”

PART X, LINE 2:

“The cooperative is exempt from income taxes under section 501(c)(12) of the internal revenue code. The cooperative is subject to income tax on any unrelated business income on federal form 990t. The cooperative evaluates its income tax positions on an annual basis. Management has determined that there are no uncertain tax positions at december 31, 2017 and 2016 that meet the criteria for recognition in the financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Other expenses netted to revenue for gaap -1,073,673.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Allocation of 2017 margins in 2018 1,019,265. Other expenses netted to revenue for gaap 1,073,673.”

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IRS990/Desc0ALLAMAKEE-CLAYTON ELECTRIC COOPERATIVE WAS ORGANIZED IN 1938 BY MEMBERS BECAUSE INVESTOR-OWNED UTILITIES BYPASSED RURAL IOWA DUE TO ITS SPARSE POPULATION. ALLAMAKEE-CLAYTON ELECTRIC COOPERATIVE PROVIDES ELECTRIC POWER TO MORE THAN 9,950 CUSTOMERS ON 2,512 MILES OF LINE IN PORTIONS OF EIGHT COUNTIES: ALLAMAKEE, CLAYTON, FAYETTE, WINNESHIEK, CHICKASAW, BREMER, DELAWARE AND DUBUQUE. OUR CUSTOMER BASE IS 95% FARM AND RURAL RESIDENTIAL AND MAINTAINS 24-HOUR AROUND-THE-CLOCK ELECTRIC SERVICE. CREWS ARE AVAILABLE TO ENSURE QUALITY SERVICE AT ALL TIMES.
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IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1125604
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt128919
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt133798
IRS990/Form990PartVIISectionAGrp/PersonNm0ROGER ARTHUR
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL GIBBS
IRS990/Form990PartVIISectionAGrp/PersonNm2ROBERT V SWENSON
IRS990/Form990PartVIISectionAGrp/PersonNm3LARRY P LAMBORN
IRS990/Form990PartVIISectionAGrp/PersonNm4ARLYN FOSSUM
IRS990/Form990PartVIISectionAGrp/PersonNm5SARAH LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN STORBECK
IRS990/Form990PartVIISectionAGrp/PersonNm7GEORGE BEARDMORE
IRS990/Form990PartVIISectionAGrp/PersonNm8DONALD MCCORMICK
IRS990/Form990PartVIISectionAGrp/PersonNm9JEFF BRADLEY
IRS990/Form990PartVIISectionAGrp/PersonNm10CINDY JEFFERN
IRS990/Form990PartVIISectionAGrp/PersonNm11PAUL FOXWELL
IRS990/Form990PartVIISectionAGrp/PersonNm12DAVID DECKER
IRS990/Form990PartVIISectionAGrp/PersonNm13DAN STELPFULG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt010800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18675
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt28550
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt37300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt49050
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5825
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt66550
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt76975
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt88550
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt94950
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt102350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11151769
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1295766
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13113264
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY - TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR UNTIL 03/2017
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR UNTIL 09/2017
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR JOINED 05/2017
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR JOINED 09/2017
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXEC VP AND GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF OPERATIONS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-2661
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticOrgsGrp/TotalAmt011693
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt020467368
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt0881747
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0488385
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0685750
IRS990/InvestmentIncomeGrp/ExclusionAmt0104718
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0104718
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01218776
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01119148
IRS990/InvestmentsProgramRelatedGrp/BOYAmt010872163
IRS990/InvestmentsProgramRelatedGrp/EOYAmt011184923
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt022811745
IRS990/LandBldgEquipBasisNetGrp/BOYAmt037284947
IRS990/LandBldgEquipBasisNetGrp/EOYAmt038319301
IRS990/LandBldgEquipCostOrOtherBssAmt061131046
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02661
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt019782378
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ALLAMAKEE-CLAYTON ELECTRIC COOPERATIVE IS DEDICATED TO ENHANCING THE QUALITY OF LIFE FOR OUR MEMBERS, PARTNERS AND NEIGHBORS BY PROVIDING SAFE, RELIABLE AND AFFORDABLE ELECTRIC SERVICES AND OTHER INNOVATIVE SOLUTIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt021490086
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt022506570
IRS990/NetAssetsOrFundBalancesBOYAmt025792858
IRS990/NetAssetsOrFundBalancesEOYAmt026721146
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-2661
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2661
IRS990/NetUnrelatedBusTxblIncmAmt0-200103
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt022025
IRS990/OtherAssetsTotalGrp/EOYAmt022170
IRS990/OtherChangesInNetAssetsAmt0493288
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION MAINTENANC
IRS990/OtherExpensesGrp/Desc2ADMIN & GENERAL
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION OPERATIONS
IRS990/OtherExpensesGrp/TotalAmt010951867
IRS990/OtherExpensesGrp/TotalAmt11423080
IRS990/OtherExpensesGrp/TotalAmt2927734
IRS990/OtherExpensesGrp/TotalAmt3888864
IRS990/OtherLiabilitiesGrp/BOYAmt01152235
IRS990/OtherLiabilitiesGrp/EOYAmt01797814
IRS990/OtherSalariesAndWagesGrp/TotalAmt02693261
IRS990/OtherSourcesGrossIncomeAmt0520826
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0223448
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt012104790
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt012306187
IRS990/PensionPlanContributionsGrp/TotalAmt0436053
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0189498
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0158944
IRS990/PrincipalOfficerNm0PAUL FOXWELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1517000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRICITY SALES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2COOP CAPITAL CREDITS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0-13733
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018954400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1332899
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2658304
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018954400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1746115
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2662135
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0426949
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt13831
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0621828
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt09459
IRS990/PYInvestmentIncomeAmt094140
IRS990/PYOtherExpensesAmt015372107
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt019669116
IRS990/PYRevenuesLessExpensesAmt0194979
IRS990/PYSalariesCompEmpBnftPaidAmt03564883
IRS990/PYTotalExpensesAmt019568277
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt019763256
IRS990/ReconcilationRevenueExpnssAmt0435000
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt013641918
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt014368519
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0308210
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0522704
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04767413
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01251460
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06018873
IRS990ScheduleD/EquipmentGrp/BookValueAmt01210292
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02758692
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03968984
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02092938
IRS990ScheduleD/ExpensesSubtotalAmt017936769
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt07137980
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt12486419
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt21222642
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3111973
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt485567
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt537965
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt687747
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt710180
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt84450
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0DAIRYLAND POWER COOPERATIVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3FEDERATED RURAL ELECTRIC INSURANCE CORPORATION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4RURAL ELECTRIC SUPPLY COOPERATIVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5OTHER INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6MINNOWA ALLIANCE, LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7IOWA AREA DEVELOPMENT GROUP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc8IOWA CHOICE RENEWABLES,LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd7C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd8C
IRS990ScheduleD/LandGrp/BookValueAmt0149566
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0149566
IRS990ScheduleD/OtherExpensesNotIncludedAmt02092938
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt032192030
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018801593
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt050993623
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0966328
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1746173
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt285313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0POSTRETIREMENT BENEFIT OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CUSTOMER DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0-1073673
IRS990ScheduleD/RevenueNotReportedAmt0-1073673
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt020464707
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ALLAMAKEE-CLAYTON ELECTRIC (ACEC) ESTABLISHED RECARE, A CUSTOMER CONTRIBUTION FUND IN WHICH MEMBERS OF ACEC CAN ASSIST OTHER MEMBERS WHO NEED HELP PAYING ELECTRIC BILLS. ACEC COLLECTS CONTRIBUTIONS FROM MEMBERS AND DISBURSES FUNDS TO BENEFICIARIES WHO MEET ELIGIBILITY CRITERIA AS ESTABLISHED BY A RECARE COUNCIL. THE RECARE COUNCIL CONSISTS OF A REPRESENTATIVE OF NORTHEAST IOWA COMMUNITY ACTION, A REPRESENTATIVE OF SHEPHERD OF THE HILLS, AND THE ALLAMAKEE-CLAYTON ELECTRIC GENERAL MANAGER. THE RECARE COUNCIL MEETS ANNUALLY TO REVIEW THE PROGRAM AND MAKE ANY CHANGES TO THE PROGRAM. A BENEFICIARY MUST BE REFERRED BY NORTHEAST IOWA COMMUNITY ACTION CORPORATION, SHEPHERD OF THE HILLS, A PASTOR OF A CHURCH, A VETERAN'S ORGANIZATION OR SIMILAR SOCIAL SERVICES OFFICE. DOCUMENTATION ON THE APPROPRIATE FORM, ALONG WITH THE NAME OF THE REFERRING AGENCY OR PERSON IS REQUIRED BEFORE FUNDS ARE APPROVED FOR DISBURSEMENT. APPLICATIONS FOR FUNDS ARE REVIEWED BY ACEC STAFF AND THE GENERAL MANAGER TO DETERMINE IF THE APPLICANT MEETS QUALIFICATIONS. IF APPROVED, NOTIFICATION OF APPROVAL AND THE AMOUNT OF FUNDS IS PROVIDED TO THE RECIPIENT, RECARE COUNCIL REPRESENTATIVES FROM NORTHEAST IOWA COMMUNITY ACTION AND SHEPHERD OF THE HILLS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE IS SUBJECT TO INCOME TAX ON ANY UNRELATED BUSINESS INCOME ON FEDERAL FORM 990T. THE COOPERATIVE EVALUATES ITS INCOME TAX POSITIONS ON AN ANNUAL BASIS. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2017 AND 2016 THAT MEET THE CRITERIA FOR RECOGNITION IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2OTHER EXPENSES NETTED TO REVENUE FOR GAAP -1,073,673.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3ALLOCATION OF 2017 MARGINS IN 2018 1,019,265. OTHER EXPENSES NETTED TO REVENUE FOR GAAP 1,073,673.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt038319301
IRS990ScheduleD/TotalBookValueProgramRltdAmt011184923
IRS990ScheduleD/TotalExpensesPerForm990Amt020029707
IRS990ScheduleD/TotalLiabilityAmt01797814
IRS990ScheduleD/TotalRevenuePerForm990Amt020464707
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt019391034

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$53,884,039
Liabilities
$27,162,893
Net assets
$26,721,146
Revenue
$20,464,707
Expenses
$20,029,707
Net income
$435,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.3$56.4$27.0$24.8$24.8$0.00
2023Detailed filing. Detailed filing data is available for this year.$73.0$45.6$27.4$24.3$24.2$0.10
2022Detailed filing. Detailed filing data is available for this year.$67.5$40.2$27.3$23.5$23.3$0.20
2021Detailed filing. Detailed filing data is available for this year.$67.7$40.6$27.2$21.6$21.4$0.25
2020Detailed filing. Detailed filing data is available for this year.$58.9$32.2$26.7$21.4$21.4$0.00
2019Detailed filing. Detailed filing data is available for this year.$56.7$30.0$26.8$21.4$21.3$0.05
2018Detailed filing. Detailed filing data is available for this year.$55.8$29.0$26.9$21.2$21.1$0.10
2017Detailed filing. Detailed filing data is available for this year.$53.9$27.2$26.7$20.5$20.0$0.44
2016Detailed filing. Detailed filing data is available for this year.$52.2$26.4$25.8$19.8$19.6$0.19
2015Detailed filing. Detailed filing data is available for this year.$49.7$24.2$25.5$19.4$19.3$0.10
2014Detailed filing. Detailed filing data is available for this year.$48.5$23.1$25.4$19.3$19.0$0.30
2013Detailed filing. Detailed filing data is available for this year.$46.9$22.1$24.8$18.9$18.4$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.2$21.5$23.7$17.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.5$21.3$23.2$17.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.8$20.9$23.0$16.4