Civic Intelligence

Magic Valley Electric Cooperative Inc

990 • Fiscal year 2012 • EIN 74-0758801

Jan 01, 2012 to Dec 31, 2012 • Filed on Oct 29, 2013

Organization ProfileWWW.MAGICVALLEY.COOP

View Organization Page

P O Drawer 26778570-0267
Siviq Scores

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

Liabilities / Assets

55th percentile

0.46x

Higher debt load relative to assets than 55% of similar nonprofits.

2012 filings • $250M-$1B 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

42nd percentile

3.1%

Faster asset growth than 42% of similar nonprofits.

2012 filings • $250M-$1B 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 / Assets55th percentile

Assets

Up

$321,093,611

Up $9,738,210 (+3.1%) from 2011

Net Assets

Up

$174,077,136

Up $16,238,205 (+10%) from 2011

Liabilities

Down

$147,016,475

Down $6,499,995 (-4.2%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$188,032,882

Down $13,692,160 (-6.8%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$800M$600M$400M$200M$0Assets 2010: $296,186,451Liabilities 2010: $159,017,491Net Assets 2010: $137,168,9602010Assets 2011: $311,355,401Liabilities 2011: $153,516,470Net Assets 2011: $157,838,9312011Assets 2012: $321,093,611Liabilities 2012: $147,016,475Net Assets 2012: $174,077,1362012Assets 2013: $345,450,686Liabilities 2013: $154,540,073Net Assets 2013: $190,910,6132013Assets 2014: $360,687,036Liabilities 2014: $150,865,928Net Assets 2014: $209,821,1082014Assets 2015: $379,629,971Liabilities 2015: $154,814,881Net Assets 2015: $224,815,0902015Assets 2016: $402,925,448Liabilities 2016: $165,762,319Net Assets 2016: $237,163,1292016Assets 2017: $428,436,520Liabilities 2017: $179,247,969Net Assets 2017: $249,188,5512017Assets 2018: $458,621,928Liabilities 2018: $194,686,003Net Assets 2018: $263,935,9252018Assets 2019: $492,236,085Liabilities 2019: $212,714,255Net Assets 2019: $279,521,8302019Assets 2020: $521,016,671Liabilities 2020: $234,000,137Net Assets 2020: $287,016,5342020Assets 2021: $542,158,549Liabilities 2021: $245,048,727Net Assets 2021: $297,109,8222021Assets 2022: $584,754,679Liabilities 2022: $273,946,705Net Assets 2022: $310,807,9742022Assets 2023: $636,948,801Liabilities 2023: $304,034,043Net Assets 2023: $332,914,7582023Assets 2024: $685,887,460Liabilities 2024: $337,226,922Net Assets 2024: $348,660,5382024

Highlighted filing

2012

Assets$321,093,611
Liabilities$147,016,475
Net Assets$174,077,136
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400M$300M$200M$100M$0-$100MExpenses 2010: $173,478,8862010Expenses 2011: $201,725,0422011Expenses 2012: $188,032,8822012Revenue 2013: $201,907,179Expenses 2013: $201,907,179Net Income 2013: $02013Revenue 2014: $222,454,007Expenses 2014: $222,454,007Net Income 2014: $02014Revenue 2015: $211,832,827Expenses 2015: $211,832,827Net Income 2015: $02015Revenue 2016: $216,371,406Expenses 2016: $216,371,406Net Income 2016: $02016Revenue 2017: $221,769,655Expenses 2017: $221,663,656Net Income 2017: $105,9992017Revenue 2018: $235,832,800Expenses 2018: $235,643,800Net Income 2018: $189,0002018Revenue 2019: $237,932,929Expenses 2019: $237,982,929Net Income 2019: -$50,0002019Revenue 2020: $240,913,863Expenses 2020: $240,686,863Net Income 2020: $227,0002020Revenue 2021: $266,758,522Expenses 2021: $266,721,522Net Income 2021: $37,0002021Revenue 2022: $320,139,415Expenses 2022: $320,112,415Net Income 2022: $27,0002022Revenue 2023: $311,413,338Expenses 2023: $311,236,338Net Income 2023: $177,0002023Revenue 2024: $310,898,025Expenses 2024: $310,709,025Net Income 2024: $189,0002024

Highlighted filing

2012

Revenue-
Expenses$188,032,882
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Oct 29, 2013
Return Version
2012v2.1
Gross Receipts
$188,059,539
Mission and Program Overview

Mission

To enhance people's lives by safely providing the most reliable and affordable electric service by keeping our members' best interest in mind.

Filing and Contact Details

Filer

EIN
74-0758801
Raw XML AppendixShowing 400 of 625 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/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED A RURAL SCHOLARSHIP FUND WITH FUNDS THAT OTHERWISE WOULD BE ESCHEATABLE TO THE STATE OF TEXAS. THESE FUNDS INCLUDE, BUT ARE NOT LIMITED TO, 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 FUNDS THAT OTHERWISE WOULD BE ESCHEATABLE TO THE STATE OF TEXAS. THESE FUNDS INCLUDE, BUT ARE NOT LIMITED TO, 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/Explanation1THE COOPERATIVE HAS 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/Explanation2EXPENSES RECORDED IN NON-OPERATING MARGINS RECLASSED TO EXPENSES 15,520.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3EXPENSES RECORDED IN NON-OPERATING MARGINS RECLASSED TO EXPENSES 15,520.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation4PATRONAGE CAPITAL ASSIGNABLE 20,415,460.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation5Part 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. SCHEDULE D, PART XII, LINE 4B: PATRONAGE CAPITAL ASSIGNABLE - $20,415,460 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 2d - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier3Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0Part IV, Line 2b:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference1Part X, Line 2:
IRS990ScheduleD/IncludedOnFS01
IRS990ScheduleD/InvestmentsProgramRelated/BookValue02613758
IRS990ScheduleD/InvestmentsProgramRelated/BookValue11279285
IRS990ScheduleD/InvestmentsProgramRelated/BookValue24020861
IRS990ScheduleD/InvestmentsProgramRelated/BookValue31000
IRS990ScheduleD/InvestmentsProgramRelated/BookValue41060
IRS990ScheduleD/InvestmentsProgramRelated/BookValue530846
IRS990ScheduleD/InvestmentsProgramRelated/BookValue611199850
IRS990ScheduleD/InvestmentsProgramRelated/BookValue735711425
IRS990ScheduleD/InvestmentsProgramRelated/BookValue8100000
IRS990ScheduleD/InvestmentsProgramRelated/BookValue964523
IRS990ScheduleD/InvestmentsProgramRelated/BookValue1018041
IRS990ScheduleD/InvestmentsProgramRelated/Description0PATRONAGE CAPITAL - CFC
IRS990ScheduleD/InvestmentsProgramRelated/Description1PATRONAGE CAPITAL - TEXAS ELECTRIC COOPERATIVES, INC.
IRS990ScheduleD/InvestmentsProgramRelated/Description2CAPITAL TERM CERTIFICATES - CFC
IRS990ScheduleD/InvestmentsProgramRelated/Description3INVESTMENT IN CFC MEMBERSHIP
IRS990ScheduleD/InvestmentsProgramRelated/Description4OTHER INVESTMENTS
IRS990ScheduleD/InvestmentsProgramRelated/Description5NON UTILITY PROPERTY
IRS990ScheduleD/InvestmentsProgramRelated/Description6CONTRIBUTED CAPITAL - STEC
IRS990ScheduleD/InvestmentsProgramRelated/Description7PATRONAGE CAPITAL - STEC
IRS990ScheduleD/InvestmentsProgramRelated/Description8MEMBER CAPITAL SECURITIES - CFC
IRS990ScheduleD/InvestmentsProgramRelated/Description9PATRONAGE CAPITAL - COBANK
IRS990ScheduleD/InvestmentsProgramRelated/Description10PATRONAGE CAPITAL - NRTC
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/InvestmentsProgramRelated/MethodOfValuation8C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation9C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation10C
IRS990ScheduleD/Land/BookValue0214094
IRS990ScheduleD/Land/OtherCostOrOtherBasis0214094
IRS990ScheduleD/OtherExpensesIncluded015520
IRS990ScheduleD/OtherExpensesNotIncluded020415460
IRS990ScheduleD/OtherLandBuildings/BookValue012300427
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis012300427
IRS990ScheduleD/OtherLiabilities/Amount05435829
IRS990ScheduleD/OtherLiabilities/Amount12538796
IRS990ScheduleD/OtherLiabilities/Amount2381760
IRS990ScheduleD/OtherLiabilities/Amount31496467
IRS990ScheduleD/OtherLiabilities/Amount42938851
IRS990ScheduleD/OtherLiabilities/Amount5623410
IRS990ScheduleD/OtherLiabilities/Description0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilities/Description1ACCRUED TAXES
IRS990ScheduleD/OtherLiabilities/Description2ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilities/Description3ACCRUED COMPENSATED ABSENCES

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
$321,093,611
Liabilities
$147,016,475
Net assets
$174,077,136
Revenue
-
Expenses
$188,032,882
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$686$337$349$311$311$0.19
2023Detailed filing. Detailed filing data is available for this year.$637$304$333$311$311$0.18
2022Detailed filing. Detailed filing data is available for this year.$585$274$311$320$320$0.03
2021Detailed filing. Detailed filing data is available for this year.$542$245$297$267$267$0.04
2020Detailed filing. Detailed filing data is available for this year.$521$234$287$241$241$0.23
2019Detailed filing. Detailed filing data is available for this year.$492$213$280$238$238$0.05
2018Detailed filing. Detailed filing data is available for this year.$459$195$264$236$236$0.19
2017Detailed filing. Detailed filing data is available for this year.$428$179$249$222$222$0.11
2016Detailed filing. Detailed filing data is available for this year.$403$166$237$216$216$0.00
2015Detailed filing. Detailed filing data is available for this year.$380$155$225$212$212$0.00
2014Detailed filing. Detailed filing data is available for this year.$361$151$210$222$222$0.00
2013Detailed filing. Detailed filing data is available for this year.$345$155$191$202$202$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$321$147$174$188
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$311$154$158$202
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$296$159$137$173