Civic Intelligence

Laurens Electric Cooperative Inc

990 • Fiscal year 2017 • EIN 57-0196563

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 02, 2018

PO Box 700Laurens, SC 29360

(864) 682-3141

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.70x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

33rd percentile

1.14x

Higher debt load relative to revenue than 33% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Net Margin

48th percentile

0.0%

Higher net margin than 48% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

97th percentile

$619,022

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Asset Growth

52nd percentile

3.2%

Faster asset growth than 52% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

1.0%

Faster revenue growth than 43% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Up

$217,398,156

Up $6,723,406 (+3.2%) from 2016

Net Assets

Up

$65,473,663

Up $4,839,010 (+8.0%) from 2016

Liabilities

Up

$151,924,493

Up $1,884,396 (+1.3%) from 2016

Revenue

Up

$133,088,013

Up $1,293,440 (+1.0%) from 2016

Expenses

Up

$133,088,013

Up $1,293,440 (+1.0%) from 2016

Net Income

Flat

$0

Flat from 2016

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $188,659,485Liabilities 2010: $148,247,443Net Assets 2010: $40,412,0422010Assets 2011: $192,340,044Liabilities 2011: $149,133,744Net Assets 2011: $43,206,3002011Assets 2012: $184,518,018Liabilities 2012: $141,984,917Net Assets 2012: $42,533,1012012Assets 2013: $193,851,978Liabilities 2013: $147,177,250Net Assets 2013: $46,674,7282013Assets 2014: $201,133,418Liabilities 2014: $148,520,239Net Assets 2014: $52,613,1792014Assets 2015: $215,294,979Liabilities 2015: $156,953,936Net Assets 2015: $58,341,0432015Assets 2016: $210,674,750Liabilities 2016: $150,040,097Net Assets 2016: $60,634,6532016Assets 2017: $217,398,156Liabilities 2017: $151,924,493Net Assets 2017: $65,473,6632017Assets 2018: $225,319,700Liabilities 2018: $153,295,486Net Assets 2018: $72,024,2142018Assets 2019: $242,377,887Liabilities 2019: $167,451,285Net Assets 2019: $74,926,6022019Assets 2020: $266,679,590Liabilities 2020: $176,168,967Net Assets 2020: $90,510,6232020Assets 2021: $287,933,244Liabilities 2021: $182,970,756Net Assets 2021: $104,962,4882021Assets 2022: $289,764,029Liabilities 2022: $185,387,810Net Assets 2022: $104,376,2192022Assets 2023: $297,132,182Liabilities 2023: $184,205,943Net Assets 2023: $112,926,2392023Assets 2024: $335,703,725Liabilities 2024: $217,024,907Net Assets 2024: $118,678,8182024

Highlighted filing

2017

Assets$217,398,156
Liabilities$151,924,493
Net Assets$65,473,663

Operations Trend

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

$200M$150M$100M$50M$0Revenue 2010: $121,628,718Expenses 2010: $115,548,068Net Income 2010: $6,080,6502010Revenue 2011: $115,789,200Expenses 2011: $115,789,200Net Income 2011: $02011Revenue 2012: $113,985,534Expenses 2012: $113,985,534Net Income 2012: $02012Revenue 2013: $119,720,642Expenses 2013: $119,720,642Net Income 2013: $02013Revenue 2014: $128,485,033Expenses 2014: $128,485,033Net Income 2014: $02014Revenue 2015: $128,133,067Expenses 2015: $128,133,067Net Income 2015: $02015Revenue 2016: $131,794,573Expenses 2016: $131,794,573Net Income 2016: $02016Revenue 2017: $133,088,013Expenses 2017: $133,088,013Net Income 2017: $02017Revenue 2018: $144,879,548Expenses 2018: $144,879,548Net Income 2018: $02018Revenue 2019: $142,209,408Expenses 2019: $142,209,408Net Income 2019: $02019Revenue 2020: $139,112,722Expenses 2020: $139,112,722Net Income 2020: $02020Revenue 2021: $144,172,807Expenses 2021: $144,172,807Net Income 2021: $02021Revenue 2022: $148,035,106Expenses 2022: $148,035,106Net Income 2022: $02022Revenue 2023: $148,922,807Expenses 2023: $148,922,807Net Income 2023: $02023Revenue 2024: $163,057,774Expenses 2024: $163,057,774Net Income 2024: $02024

Highlighted filing

2017

Revenue$133,088,013
Expenses$133,088,013
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 2, 2018
Return Version
2017v2.3
Gross Receipts
$135,043,816
Mission and Program Overview

Mission

To provide the best possible electric service to all who desire it within the system area at a reasonable cost consistent with the highest standards of service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$172,466,184$181,069,419▲ $8,603,235
Rtn Earn Endowment Incm Other Fnds$60,330,653$65,166,443▲ $4,835,790
Investments Program Related$10,636,212$11,478,526▲ $842,314
Savings and Temporary Cash Investments$9,338,701$9,575,285▲ $236,584
Accounts Receivable$6,528,078$6,883,027▲ $354,949
Cash and Non-Interest-Bearing Accounts$10,067,549$3,908,507▼ $6,159,042
Inventories for Sale or Use$1,332,138$1,666,889▲ $334,751
Prepaid Expenses and Deferred Charges$264,802$366,478▲ $101,676
Cap Stk Tr Prin Current Funds$304,000$307,220▲ $3,220
Other Notes and Loans Receivable, Net$41,086--
Investments in Publicly Traded Securities-$7,690-
Total Assets$210,674,750$217,398,156▲ $6,723,406
Other Assets Total-$2,442,335-
Liabilities
Mortgage Notes Payable Secured by Investment Property$128,740,814$130,049,403▲ $1,308,589
Accounts Payable and Accrued Expenses$14,294,145$15,042,152▲ $748,007
Other Liabilities$7,005,138$6,832,938▼ $172,200
Total Liabilities$150,040,097$151,924,493▲ $1,884,396
Net Assets / Fund Balance
Total Net Assets Fund Balance$60,634,653$65,473,663▲ $4,839,010
Total Liabilities and Net Assets / Fund Balance$210,674,750$217,398,156▲ $6,723,406

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$169,474,344$75,628,797$245,103,141
Buildings$9,101,983$4,776,024$13,878,007
Land$2,493,092-$2,493,092
Investment Program Related Org$102,794--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
J David WassonPresident &FT$477,596$141,426$619,022
J David WassonPresident & CEO-$428,241$190,781$619,022
Nathan BrownVP-engineer&FT$179,464$72,287$251,751
Nathan BrownVP-engineer&oper-$170,095$81,656$251,751
Matthew D StanleyVP & CFOFT$156,515$77,648$234,163
Chad ArmstrongVP of HumanFT$157,548$68,778$226,326
Chad ArmstrongVP of Human Resour-$149,461$76,865$226,326
Christopher J MiersVP,member SeFT$134,850$61,644$196,494
Christopher J MiersVP,member Services-$127,787$68,707$196,494
Jim DonahooVP MarketingFT$126,196$57,912$184,108
Jim DonahooVP Marketing and Bus-$119,354$64,754$184,108
Mitchell PowersSecretary/trPT$42,010-$42,010
Charles E AdairChairmanPT$40,634-$40,634
Leroy BlakelyTrusteePT$39,102-$39,102
Marcus CookTrusteePT$38,317-$38,317
William HendrixTrusteePT$35,082-$35,082
Fe HendrixVice ChairmaPT$28,240-$28,240
Joe T NicholsonTrusteePT$27,748-$27,748
Lewis HarrisonTrusteePT$27,309-$27,309
Eddie AbramsTrusteePT$23,081-$23,081

Highest Paid Contractors

ContractorServicesLocationCompensation
Brightview Landscapes LLCLandscapingPO BOX 740655, Atlanta, GA 30374$152,158
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$130,091,294
Investment Income
$1,313,787
Other Revenue
$1,682,932
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$126,540,160
Salaries, Compensation, and Employee Benefits$920,545
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$6,671,441--$6,671,441
All Other Expenses$6,458,431--$6,458,431
Interest$6,087,529--$6,087,529
Benefits to Members$5,627,308--$5,627,308
Other Expenses$5,089,007--$5,089,007
Current Officers, Directors, Trustees, and Key Employees$920,545--$920,545
Total Functional Expenses$133,088,013$0$0$133,088,013
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Total Exempt Function Spending$3,500

Section 527 Organizations

OrganizationLocationAmount
81-3788778Columbia, SC$3,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Asc 980$4,000,000
Consumer Deposits$2,764,968
Other$67,970
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The cooperative has members as provided for it its bylaws which are included as a part of this return.

Form 990, Page 6, Part VI, Line 7A

The cooperative has members who elect members of the governing body as provided for in its bylaws which are included as a part of this return.

Form 990, Page 6, Part VI, Line 7B

Certain decisions of the governing body are subject to approval by members as provided for in its bylaws which are included as a part of this return.

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the board with all supporting documentation made available to them.

Form 990, Page 6, Part VI, Line 12C

The cooperative regularly and consistently monitors and enforces compliance with their conflict of interest policy as provided for in its policy which is included as a part of this return.

Form 990, Page 6, Part VI, Line 15A

Compensation for the ceo is reviewed and approved through the use of a performance review conducted by the member-elected board as well as market data obtained from statewide research and a national survey.

Form 990, Page 6, Part VI, Line 15B

Compensation for key employees is reviewed and approved through the use of a performance review conducted by the ceo as well as market statistics.

Form 990, Page 6, Part VI, Line 19

The cooperative makes its bylaws, conflict of interest policy, and financial statements available to the public as part of its form 990. The form 990 is available upon request as reflected in part vi section c line 18.

Filing and Contact Details

Filer

Filer Name
Laurens Electric Cooperative Inc
EIN
57-0196563
Phone
8646823141
Address
PO BOX 700, LAURENS, SC 29360

Signing Officer

Name
J David Wasson
Title
President & CEO
Phone
8646823141
Signed
2018-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J David Wasson
Formed
1939
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
157

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
Bryan a Isgett
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

N/A

Form 990, Part XI, Line 9

Asc 980 -2,000,000 benefits paid to members 5,627,308 membership fees 3,220 other comprehensive income 2,073,408 retired capital credits gain 39,103 capital credit retirements -904,029 total 4,839,010

Financial Statement Notes

Schedule D, Page 4, Part XIII

The corporation's records are maintained in accordance with the uniform system of accounts prescribed by the federal energy regulatory commission (18cfr.part 101) as modified and adopted by the rural utilities service (rus) in 7.cfr.1767. Those practices utilize allocation of certain expenses based on labor charges or other allocation bases. As a result, it would require significant effort to break out expenses in the functional categories provided for on the statement of functional expenses. Management has opted to classify its expenses on part ix of the form 990 in the same manner it reports its financial results to lenders, regulators and its member-owners.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP-ENGINEER&
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP OF HUMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP,MEMBER SE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01939
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0135043816
IRS990/GrossSalesOfInventoryAmt03585713
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt06087529
IRS990/InterestGrp/TotalAmt06087529
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01332138
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01666889
IRS990/InvestmentIncomeGrp/ExclusionAmt01313787
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01313787
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt010636212
IRS990/InvestmentsProgramRelatedGrp/EOYAmt011478526
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07690
IRS990/IRPDocumentCnt057
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt080404821
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0172466184
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0181069419
IRS990/LandBldgEquipCostOrOtherBssAmt0261474240
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt0128849926
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0128740814
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0130049403
IRS990/NetAssetsOrFundBalancesBOYAmt060634653
IRS990/NetAssetsOrFundBalancesEOYAmt065473663
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01629910
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01629910
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt02442335
IRS990/OtherChangesInNetAssetsAmt04839010
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION OPERATIONS
IRS990/OtherExpensesGrp/Desc2ADMIN & GENERAL EXP
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt087192437
IRS990/OtherExpensesGrp/ProgramServicesAmt18459316
IRS990/OtherExpensesGrp/ProgramServicesAmt26581999
IRS990/OtherExpensesGrp/ProgramServicesAmt35089007
IRS990/OtherExpensesGrp/TotalAmt087192437
IRS990/OtherExpensesGrp/TotalAmt18459316
IRS990/OtherExpensesGrp/TotalAmt26581999
IRS990/OtherExpensesGrp/TotalAmt35089007
IRS990/OtherLiabilitiesGrp/BOYAmt07005138
IRS990/OtherLiabilitiesGrp/EOYAmt06832938
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0OTHER ELECTRIC REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt053022
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt053022
IRS990/OtherRevenueTotalAmt053022
IRS990/OtherSourcesGrossIncomeAmt05370043
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt041086
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0true
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0264802
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0366478
IRS990/PrincipalOfficerNm0J DAVID WASSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PATRONAGE CAPITAL CREDITS
IRS990/ProgramServiceRevenueGrp/Desc2POLE RENTAL
IRS990/ProgramServiceRevenueGrp/ExclusionAmt01227
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0128849926
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11240141
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0128849926
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11240141
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21227
IRS990/ProgSrvcAccomActyOtherGrp/Desc0N/A
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt06250650
IRS990/PYInvestmentIncomeAmt0993546
IRS990/PYOtherExpensesAmt0124664444
IRS990/PYOtherRevenueAmt01741650
IRS990/PYProgramServiceRevenueAmt0129059377
IRS990/PYSalariesCompEmpBnftPaidAmt0879479
IRS990/PYTotalExpensesAmt0131794573
IRS990/PYTotalRevenueAmt0131794573
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt060330653
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt065166443
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09338701
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09575285
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Form1120POLFiledInd0true
IRS990ScheduleC/InternalFundsContributedAmt03500
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0813788778
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0HENRY MCMASTER FOR GOVERNOR
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt03500
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt0PO BOX 11063
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0COLUMBIA
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd029211
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0POLITICAL CONTRIBUTIONS DETAILED IN I-C.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleC/TotalExemptFunctionExpendAmt03500
IRS990ScheduleD/BuildingsGrp/BookValueAmt09101983
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04776024
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013878007
IRS990ScheduleD/EquipmentGrp/BookValueAmt0169474344
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075628797
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0245103141
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt06212160
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11565654
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt21564299
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3683471
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4511329
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5448192
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6390627
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt7102794
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN ASSOC. ORG-NEW H
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN ASSOC. ORG.-CENTRAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENT IN ASSOC. ORG.-CEEUS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3OTHER INVESTMENT IN ASSOC. ORG
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4INVESTMENT IN CTC'S-NRUCFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5INVESTMENT IN ASSOC. ORG-PRTC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6INVESTMENT IN ASSOC. ORG.-FEDE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7INVESTMENT IN ASSOC. ORG.-COBA
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/LandGrp/BookValueAmt02493092
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02493092
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12764968
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt267970
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ASC 980
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101) AS MODIFIED AND ADOPTED BY THE RURAL UTILITIES SERVICE (RUS) IN 7.CFR.1767. THOSE PRACTICES UTILIZE ALLOCATION OF CERTAIN EXPENSES BASED ON LABOR CHARGES OR OTHER ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON PART IX OF THE FORM 990 IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS, REGULATORS AND ITS MEMBER-OWNERS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0181069419
IRS990ScheduleD/TotalBookValueProgramRltdAmt011478526
IRS990ScheduleD/TotalLiabilityAmt06832938
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0428241
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1170095
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2149461
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3156515
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4119354
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5127787
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount025600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount13100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount23607
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount33100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount43100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount53100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0124925
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt155786
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt252277
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt353733
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt441411
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt545143
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt016501
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt116501
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt216501
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt316501
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt416501
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt516501
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt023755
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt16269
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt24480
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt34314

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$336$217$119$163$163$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$297$184$113$149$149$0.00
2022Detailed filing. Detailed filing data is available for this year.$290$185$104$148$148$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$288$183$105$144$144$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$267$176$90.5$139$139$0.00
2019Detailed filing. Detailed filing data is available for this year.$242$167$74.9$142$142$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$225$153$72.0$145$145$0.00
2017Detailed filing. Detailed filing data is available for this year.$217$152$65.5$133$133$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$211$150$60.6$132$132$0.00
2015Detailed filing. Detailed filing data is available for this year.$215$157$58.3$128$128$0.00
2014Detailed filing. Detailed filing data is available for this year.$201$149$52.6$128$128$0.00
2013Detailed filing. Detailed filing data is available for this year.$194$147$46.7$120$120$0.00
2012Summary only. Only limited summary data is available for this year.$185$142$42.5$114$114$0.00
2011Summary only. Only limited summary data is available for this year.$192$149$43.2$116$116$0.00
2010Summary only. Only limited summary data is available for this year.$189$148$40.4$122$116$6.08