Civic Intelligence

Karnes Electric Cooperative Inc

990 • Fiscal year 2012 • EIN 74-0720615

Jan 01, 2012 to Dec 31, 2012 • Filed on Jul 16, 2013

Organization ProfileWWW.KARNESEC.ORG

View Organization Page

PO Box 778118
Siviq Scores

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

Liabilities / Assets

47th percentile

0.58x

Higher debt load relative to assets than 47% of similar nonprofits.

2012 filings • 501(c)12 • $100M-$250M 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

92nd percentile

12%

Faster asset growth than 92% of similar nonprofits.

2012 filings • 501(c)12 • $100M-$250M 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 / Assets47th percentile

Assets

Up

$106,062,999

Up $11,056,967 (+12%) from 2011

Net Assets

Up

$44,574,128

Up $5,247,725 (+13%) from 2011

Liabilities

Up

$61,488,871

Up $5,809,242 (+10%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$39,227,993

Up $3,861,774 (+11%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$300M$200M$100M$0Assets 2010: $78,512,800Liabilities 2010: $42,739,115Net Assets 2010: $35,773,6852010Assets 2011: $95,006,032Liabilities 2011: $55,679,629Net Assets 2011: $39,326,4032011Assets 2012: $106,062,999Liabilities 2012: $61,488,871Net Assets 2012: $44,574,1282012Assets 2013: $115,173,546Liabilities 2013: $63,002,924Net Assets 2013: $52,170,6222013Assets 2014: $124,732,334Liabilities 2014: $61,229,666Net Assets 2014: $63,502,6682014Assets 2015: $135,864,016Liabilities 2015: $56,622,355Net Assets 2015: $79,241,6612015Assets 2016: $145,253,913Liabilities 2016: $53,205,085Net Assets 2016: $92,048,8282016Assets 2017: $155,873,216Liabilities 2017: $51,522,391Net Assets 2017: $104,350,8252017Assets 2018: $179,540,842Liabilities 2018: $52,217,015Net Assets 2018: $127,323,8272018Assets 2019: $193,360,823Liabilities 2019: $49,847,715Net Assets 2019: $143,513,1082019Assets 2020: $195,433,978Liabilities 2020: $44,524,547Net Assets 2020: $150,909,4312020Assets 2021: $202,970,400Liabilities 2021: $42,017,883Net Assets 2021: $160,952,5172021Assets 2022: $218,729,307Liabilities 2022: $49,447,095Net Assets 2022: $169,282,2122022Assets 2023: $223,741,319Liabilities 2023: $44,969,152Net Assets 2023: $178,772,1672023Assets 2024: $232,888,664Liabilities 2024: $46,033,025Net Assets 2024: $186,855,6392024

Highlighted filing

2012

Assets$106,062,999
Liabilities$61,488,871
Net Assets$44,574,128
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150M$100M$50M$0-$50MExpenses 2010: $28,735,1372010Expenses 2011: $35,366,2192011Expenses 2012: $39,227,9932012Revenue 2013: $50,904,064Expenses 2013: $51,070,503Net Income 2013: -$166,4392013Revenue 2014: $71,788,453Expenses 2014: $71,970,663Net Income 2014: -$182,2102014Revenue 2015: $77,289,017Expenses 2015: $77,479,197Net Income 2015: -$190,1802015Revenue 2016: $85,479,230Expenses 2016: $85,678,179Net Income 2016: -$198,9492016Revenue 2017: $90,702,357Expenses 2017: $91,046,127Net Income 2017: -$343,7702017Revenue 2018: $100,931,222Expenses 2018: $100,575,222Net Income 2018: $356,0002018Revenue 2019: $103,323,530Expenses 2019: $103,153,530Net Income 2019: $170,0002019Revenue 2020: $96,653,987Expenses 2020: $96,923,987Net Income 2020: -$270,0002020Revenue 2021: $101,891,775Expenses 2021: $101,351,775Net Income 2021: $540,0002021Revenue 2022: $131,910,540Expenses 2022: $129,360,540Net Income 2022: $2,550,0002022Revenue 2023: $128,043,306Expenses 2023: $130,460,306Net Income 2023: -$2,417,0002023Revenue 2024: $129,452,118Expenses 2024: $128,451,118Net Income 2024: $1,001,0002024

Highlighted filing

2012

Revenue-
Expenses$39,227,993
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Jul 16, 2013
Return Version
2012v2.1
Gross Receipts
$39,088,167
Mission and Program Overview

Mission

To exceed our members' expectations by providing safe, reliable, and affordable electric service.

Filing and Contact Details

Filer

EIN
74-0720615
Raw XML AppendixShowing 400 of 533 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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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. ALSO PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED AN ECONOMIC DEVELOPMENT FUND WITH RETIREMENTS OF PATRONAGE CAPITAL, WHICH HAVE REMAINED UNCLAIMED FOR A PERIOD OF THREE YEARS. THE AMOUNTS DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED FOR THE STIMULATION AND IMPROVEMENT OF BUSINESS AND COMMERCIAL ACTIVITY FOR ECONOMIC DEVELOPMENT IN RURAL COMMUNITIES. ANY AMOUNTS SO DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1ON JANUARY 1, 2009, THE COOPERATIVE ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE, AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2EQUITY METHOD INCOME FROM GVEC.NET REPORTED AS OTHER CHANGE IN ASSETS 139,826.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3PATRONAGE CAPITAL ASSIGNABLE 5,670,589.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation4Part VII: THE AMOUNT OF INVESTMENTS - OTHER SECURITIES ON FORM 990, PAGE 11, PART X, LINE 12 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 VII HAS BEEN LEFT BLANK. SCHEDULE D, PART XII, LINE 4B: PATRONAGE CAPITAL ASSIGNABLE - $5,670,589. Part XII, Line 4B 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 2d - 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/BookValue017213046
IRS990ScheduleD/InvestmentsProgramRelated/BookValue1112024
IRS990ScheduleD/InvestmentsProgramRelated/BookValue2807237
IRS990ScheduleD/InvestmentsProgramRelated/BookValue3426364
IRS990ScheduleD/InvestmentsProgramRelated/BookValue438736
IRS990ScheduleD/InvestmentsProgramRelated/Description0SOUTH TEXAS ELECTRIC COOPERATIVE - PATRONAGE CAPITAL
IRS990ScheduleD/InvestmentsProgramRelated/Description1CFC - PATRONAGE CAPITAL
IRS990ScheduleD/InvestmentsProgramRelated/Description2CAPITAL TERM CERTIFICATES - CFC
IRS990ScheduleD/InvestmentsProgramRelated/Description3TEC - PATRONAGE CAPITAL
IRS990ScheduleD/InvestmentsProgramRelated/Description4OTHER INVESTMENTS IN ASSOCIATED ORGANIZATIONS
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation0C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation1C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation2C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation3C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation4C
IRS990ScheduleD/Land/BookValue0170828
IRS990ScheduleD/Land/OtherCostOrOtherBasis0170828
IRS990ScheduleD/OtherExpensesNotIncluded05670589
IRS990ScheduleD/OtherLandBuildings/BookValue06007012
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis06007012
IRS990ScheduleD/OtherLiabilities/Amount02445877
IRS990ScheduleD/OtherLiabilities/Amount12594459
IRS990ScheduleD/OtherLiabilities/Amount2292174
IRS990ScheduleD/OtherLiabilities/Amount3234189
IRS990ScheduleD/OtherLiabilities/Amount412217061
IRS990ScheduleD/OtherLiabilities/Description0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilities/Description1MINIMUM PENSION LIABILITY
IRS990ScheduleD/OtherLiabilities/Description2ACCRUED TAXES
IRS990ScheduleD/OtherLiabilities/Description3OTHER CURRENT AND ACCRUED LIABILITIES
IRS990ScheduleD/OtherLiabilities/Description4CUSTOMER ADVANCES FOR CONSTRUCTION
IRS990ScheduleD/OtherRevenues0139826
IRS990ScheduleD/RevenueNotRptdF9900139826
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal039088167
IRS990ScheduleD/TotalExpensesPerForm990039227993
IRS990ScheduleD/TotalOfAmounts017783760
IRS990ScheduleD/TotalOfBookValueLandBuildings065077986
IRS990ScheduleD/TotalOfBookValueProgramRelated018597407
IRS990ScheduleD/TotalRevenuePerForm990039088167
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt033557404
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt039227993
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/RecordsMaintained00
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/CompensationSurvey0X
IRS990ScheduleJ/DiscretionarySpendingAccount0X
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg0150800
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg1118783
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg015032
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg085960
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0Part II, Column C LEROY SKLOSS ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 85,960 TOTAL COLUMN C: $ 85,960
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0Supplemental Information
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0Part III
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0LEROY SKLOSS
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1BRADLEY BIERSTEDT
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg049057
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg121668
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg04668
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg110143
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00

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
$106,062,999
Liabilities
$61,488,871
Net assets
$44,574,128
Revenue
-
Expenses
$39,227,993
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$233$46.0$187$129$128$1.00
2023Detailed filing. Detailed filing data is available for this year.$224$45.0$179$128$130$2.42
2022Detailed filing. Detailed filing data is available for this year.$219$49.4$169$132$129$2.55
2021Detailed filing. Detailed filing data is available for this year.$203$42.0$161$102$101$0.54
2020Detailed filing. Detailed filing data is available for this year.$195$44.5$151$96.7$96.9$0.27
2019Detailed filing. Detailed filing data is available for this year.$193$49.8$144$103$103$0.17
2018Detailed filing. Detailed filing data is available for this year.$180$52.2$127$101$101$0.36
2017Detailed filing. Detailed filing data is available for this year.$156$51.5$104$90.7$91.0$0.34
2016Detailed filing. Detailed filing data is available for this year.$145$53.2$92.0$85.5$85.7$0.20
2015Detailed filing. Detailed filing data is available for this year.$136$56.6$79.2$77.3$77.5$0.19
2014Detailed filing. Detailed filing data is available for this year.$125$61.2$63.5$71.8$72.0$0.18
2013Detailed filing. Detailed filing data is available for this year.$115$63.0$52.2$50.9$51.1$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$106$61.5$44.6$39.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.0$55.7$39.3$35.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.5$42.7$35.8$28.7