Civic Intelligence

Jackson Electric Cooperative Inc

990 • Fiscal year 2012 • EIN 74-0708876

Jan 01, 2012 to Dec 31, 2012 • Filed on Sep 26, 2013

Organization ProfileWWW.JECEC.COM
PO Box 118977957-1189
Siviq Scores

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

Liabilities / Assets

34th percentile

0.50x

Higher debt load relative to assets than 34% of similar nonprofits.

2012 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

89th percentile

9.5%

Faster asset growth than 89% of similar nonprofits.

2012 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$73,613,985

Up $6,411,948 (+9.5%) from 2011

Net Assets

Up

$36,663,926

Up $2,319,226 (+6.8%) from 2011

Liabilities

Up

$36,950,059

Up $4,092,722 (+12%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$27,078,577

Down $2,169,105 (-7.4%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$200M$150M$100M$50M$0Assets 2010: $63,797,435Liabilities 2010: $31,881,429Net Assets 2010: $31,916,0062010Assets 2011: $67,202,037Liabilities 2011: $32,857,337Net Assets 2011: $34,344,7002011Assets 2012: $73,613,985Liabilities 2012: $36,950,059Net Assets 2012: $36,663,9262012Assets 2013: $80,820,504Liabilities 2013: $42,114,340Net Assets 2013: $38,706,1642013Assets 2014: $86,527,531Liabilities 2014: $42,627,372Net Assets 2014: $43,900,1592014Assets 2015: $91,908,411Liabilities 2015: $43,845,226Net Assets 2015: $48,063,1852015Assets 2016: $107,614,900Liabilities 2016: $56,021,158Net Assets 2016: $51,593,7422016Assets 2017: $125,886,332Liabilities 2017: $70,587,695Net Assets 2017: $55,298,6372017Assets 2018: $135,019,297Liabilities 2018: $77,025,982Net Assets 2018: $57,993,3152018Assets 2019: $139,103,349Liabilities 2019: $77,836,322Net Assets 2019: $61,267,0272019Assets 2020: $153,123,644Liabilities 2020: $88,783,977Net Assets 2020: $64,339,6672020Assets 2021: $161,516,050Liabilities 2021: $94,115,850Net Assets 2021: $67,400,2002021Assets 2022: $172,050,486Liabilities 2022: $103,121,324Net Assets 2022: $68,929,1622022

Highlighted filing

2012

Assets$73,613,985
Liabilities$36,950,059
Net Assets$36,663,926
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$100M$50M$0Expenses 2010: $27,376,4382010Expenses 2011: $29,247,6822011Expenses 2012: $27,078,5772012Revenue 2013: $33,697,383Expenses 2013: $33,697,383Net Income 2013: $02013Revenue 2014: $51,567,146Expenses 2014: $51,567,146Net Income 2014: $02014Revenue 2015: $52,612,801Expenses 2015: $52,612,801Net Income 2015: $02015Revenue 2016: $53,457,752Expenses 2016: $51,365,801Net Income 2016: $2,091,9512016Revenue 2017: $57,671,965Expenses 2017: $55,018,956Net Income 2017: $2,653,0092017Revenue 2018: $61,195,009Expenses 2018: $59,726,520Net Income 2018: $1,468,4892018Revenue 2019: $60,355,060Expenses 2019: $57,818,846Net Income 2019: $2,536,2142019Revenue 2020: $62,514,139Expenses 2020: $59,971,116Net Income 2020: $2,543,0232020Revenue 2021: $69,176,755Expenses 2021: $66,750,477Net Income 2021: $2,426,2782021Revenue 2022: $85,179,366Expenses 2022: $81,920,065Net Income 2022: $3,259,3012022

Highlighted filing

2012

Revenue-
Expenses$27,078,577
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Sep 26, 2013
Return Version
2012v2.1
Gross Receipts
$27,175,261
Mission and Program Overview

Mission

Provide dependable electric and subsidiary services at competitive prices, to maintain lines of communication between the board of directors, management, employees, members and community leaders to actively participate in community affairs.

Filing and Contact Details

Filer

EIN
74-0708876
Raw XML AppendixShowing 400 of 552 raw XML fields

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED A RURAL SCHOLARSHIP FUND WITH RETIREMENTS OF PATRONAGE CAPITAL, WHICH HAVE REMAINED UNCLAIMED FOR A PERIOD OF THREE YEARS. THE AMOUNTS DEPOSITED INTO THE RURAL SCHOLARSHIP FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED FOR SCHOLARSHIPS TO ENABLE STUDENTS FROM RURAL AREAS TO ATTEND COLLEGE, TECHNICAL SCHOOL OR OTHER POST SECONDARY EDUCATION INSTITUTION. ANY AMOUNTS SO DEPOSITED INTO THE RURAL SCHOLARSHIP FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1ASC TOPIC #740, "INCOME TAXES", REQUIRES THAT AN ENTERPRISE CANNOT RECOGNIZE A TAX BENEFIT IN ITS FINANCIAL STATEMENTS UNLESS IT CONCLUDES THAT IT IS "MORE LIKELY THAN NOT" THAT THE BENEFIT WILL BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITY. TAX-EXEMPT AND NOT-FOR-PROFIT ENTERPRISES ARE ALSO WITHIN THE SCOPE OF THE ASC, SINCE THE DECISION THAT SOME OR ALL OF AN ENTERPRISE'S ACTIVITIES ARE NOT SUBJECT TO INCOME TAXES IS ITSELF A TAX POSITION FOR WHICH THE INTERPRETATION REQUIRES EVALUATION. AT ADOPTION, AND ANNUALLY THEREAFTER, JACKSON ELECTRIC COOPERATIVE, INC. APPLIES THE REQUIREMENTS TO ALL TAX POSITIONS FOR WHICH THE STATUE OF LIMITATIONS REMAINED OPEN. JACKSON ELECTRIC RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. JACKSON ELECTRIC WAS DETERMINED BY THE INTERNAL REVENUE SERVICE TO BE AN EXEMPT COOPERATIVE FOR PURPOSES OF FEDERAL INCOME TAXES, UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, IN YEARS WHEN RECEIPTS FROM MEMBERS, FOR THE PURPOSE OF MEETING LOSSES AND EXPENSES, ARE AT LEAST 85 PERCENT OF TOTAL INCOME. THE AMOUNT OF UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2012 AND 2011 WAS ZERO.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2INVESTMENT EXPENSE INCLUDED IN NONOPERATING MARGINS RECLASSED TO EXPENSE 18,216.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3INVESTMENT EXPENSE INCLUDED IN NONOPERATING MARGINS RECLASSED TO EXPENSE 18,216. PATRONAGE CAPITAL ASSIGNABLE 2,071,518.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation4Part IX THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5 PERCENT OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY IN ACCORDANCE WITH IRS INSTRUCTIONS SCHEDULE D, PART IX HAS BEEN LEFT BLANK. Part XII, Line 4B PATRONAGE CAPITAL ASSIGNABLE - $2,071,518 FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID OR ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS". PATRONAGE DIVIDENDS ARE ALLOCATED ON A PATRONAGE BASIS AND DONE SO PURSUANT TO A PRE-EXISTING OBLIGATION AS PROVIDED FOR IN THE "NON-PROFIT OPERATION" ARTICLE OF THE COOPERATIVE'S BYLAWS.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0Description of Uncertain Tax Positions Under FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0Part IV, Line 2b:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference1Part X, Line 2:
IRS990ScheduleD/IncludedOnFS01
IRS990ScheduleD/InvestmentsProgramRelated/BookValue0306414
IRS990ScheduleD/InvestmentsProgramRelated/BookValue1512165
IRS990ScheduleD/InvestmentsProgramRelated/BookValue213692136
IRS990ScheduleD/InvestmentsProgramRelated/BookValue387167
IRS990ScheduleD/InvestmentsProgramRelated/BookValue4983328
IRS990ScheduleD/InvestmentsProgramRelated/BookValue58851
IRS990ScheduleD/InvestmentsProgramRelated/BookValue64300
IRS990ScheduleD/InvestmentsProgramRelated/BookValue771957
IRS990ScheduleD/InvestmentsProgramRelated/Description0PATRONAGE CAPITAL - TEXAS ELECTRIC COOPERATIVE
IRS990ScheduleD/InvestmentsProgramRelated/Description1PATRONAGE CAPITAL - NATIONAL RURAL UTILITIES COOPERATIVE
IRS990ScheduleD/InvestmentsProgramRelated/Description2PATRONAGE CAPITAL - SOUTH TEXAS ELECTRIC COOPERATIVE
IRS990ScheduleD/InvestmentsProgramRelated/Description3PATRONAGE CAPITAL - SOUTHEASTERN DATA COOPERATIVE
IRS990ScheduleD/InvestmentsProgramRelated/Description4CAPITAL TERM CERTIFICATES - NATIONAL RURUAL UTILITIES COOPERATIVE
IRS990ScheduleD/InvestmentsProgramRelated/Description5INVESTMENT IN NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE
IRS990ScheduleD/InvestmentsProgramRelated/Description6OTHER INVESTMENTS
IRS990ScheduleD/InvestmentsProgramRelated/Description7NON-UTILITY PLANT - UNAMORTIZED GOODWILL
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation0C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation1C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation2C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation3C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation4C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation5C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation6C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation7C
IRS990ScheduleD/Land/BookValue0196927
IRS990ScheduleD/Land/OtherCostOrOtherBasis0196927
IRS990ScheduleD/NetUnrealizedGainsInvestments0245124
IRS990ScheduleD/OtherExpensesNotIncluded02089734
IRS990ScheduleD/OtherLandBuildings/BookValue01974597
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis01974597
IRS990ScheduleD/OtherLiabilities/Amount0738484
IRS990ScheduleD/OtherLiabilities/Amount117699
IRS990ScheduleD/OtherLiabilities/Amount2306226
IRS990ScheduleD/OtherLiabilities/Amount3227795
IRS990ScheduleD/OtherLiabilities/Amount4131755
IRS990ScheduleD/OtherLiabilities/Description0CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilities/Description1ACCRUED TAXES
IRS990ScheduleD/OtherLiabilities/Description2ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilities/Description3ACCRUED EMPLOYEE COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilities/Description4OTHER CURRENT & ACCRUED LIABILITIES
IRS990ScheduleD/OtherRevenuesNotIncluded018216
IRS990ScheduleD/RevenueNotRptdF9900245124
IRS990ScheduleD/RevenueNotRptdOnFinStmt018216
IRS990ScheduleD/RevenueSubtotal027060361
IRS990ScheduleD/TotalExpensesPerForm990027078577
IRS990ScheduleD/TotalOfAmounts01421959
IRS990ScheduleD/TotalOfBookValueLandBuildings048687563
IRS990ScheduleD/TotalOfBookValueProgramRelated015666318
IRS990ScheduleD/TotalRevenuePerForm990027078577
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt024988843
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt027305485
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0ALL GRANTS, SPONSORSHIPS AND DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA. ALL DONATIONS ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0Schedule I, Part II
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0DONATIONS MADE BY THE COOPERATIVE
IRS990ScheduleI/RecordsMaintained00
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/CompensationSurvey0X
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg0117699

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$73,613,985
Liabilities
$36,950,059
Net assets
$36,663,926
Revenue
-
Expenses
$27,078,577
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$172$103$68.9$85.2$81.9$3.26
2021Detailed filing. Detailed filing data is available for this year.$162$94.1$67.4$69.2$66.8$2.43
2020Detailed filing. Detailed filing data is available for this year.$153$88.8$64.3$62.5$60.0$2.54
2019Detailed filing. Detailed filing data is available for this year.$139$77.8$61.3$60.4$57.8$2.54
2018Detailed filing. Detailed filing data is available for this year.$135$77.0$58.0$61.2$59.7$1.47
2017Detailed filing. Detailed filing data is available for this year.$126$70.6$55.3$57.7$55.0$2.65
2016Detailed filing. Detailed filing data is available for this year.$108$56.0$51.6$53.5$51.4$2.09
2015Detailed filing. Detailed filing data is available for this year.$91.9$43.8$48.1$52.6$52.6$0.00
2014Detailed filing. Detailed filing data is available for this year.$86.5$42.6$43.9$51.6$51.6$0.00
2013Detailed filing. Detailed filing data is available for this year.$80.8$42.1$38.7$33.7$33.7$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.6$37.0$36.7$27.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$67.2$32.9$34.3$29.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.8$31.9$31.9$27.4