Civic Intelligence

Wharton County Electric Cooperative Inc

990 • Fiscal year 2013 • EIN 74-0981915

Jan 01, 2013 to Dec 31, 2013 • Filed on Feb 27, 2014

Organization ProfileWWW.WCECNET.NET
P O Box 3177437

(979) 543-6271

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.49x

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

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

50th percentile

1.32x

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

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Net Margin

51st percentile

0.0%

Higher net margin than 51% of similar nonprofits.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

12th percentile

$138,500

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Asset Growth

68th percentile

7.3%

Faster asset growth than 68% of similar nonprofits.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$58,991,868

Up $3,991,663 (+7.3%) from 2012

Net Assets

Up

$29,952,128

Up $2,871,549 (+11%) from 2012

Liabilities

Up

$29,039,740

Up $1,120,114 (+4.0%) from 2012

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin51st percentile

Revenue

$21,988,110

No earlier filing loaded for comparison.

Expenses

Up

$21,988,110

Up $531,116 (+2.5%) from 2012

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$100M$50M$0Assets 2010: $48,124,546Liabilities 2010: $25,995,734Net Assets 2010: $22,128,8122010Assets 2011: $51,687,072Liabilities 2011: $26,743,306Net Assets 2011: $24,943,7662011Assets 2012: $55,000,205Liabilities 2012: $27,919,626Net Assets 2012: $27,080,5792012Assets 2013: $58,991,868Liabilities 2013: $29,039,740Net Assets 2013: $29,952,1282013Assets 2014: $61,621,266Liabilities 2014: $29,563,849Net Assets 2014: $32,057,4172014Assets 2015: $64,946,774Liabilities 2015: $30,215,026Net Assets 2015: $34,731,7482015Assets 2016: $68,541,934Liabilities 2016: $31,971,621Net Assets 2016: $36,570,3132016Assets 2017: $71,256,863Liabilities 2017: $32,268,051Net Assets 2017: $38,988,8122017Assets 2018: $75,391,504Liabilities 2018: $34,522,198Net Assets 2018: $40,869,3062018Assets 2019: $79,077,031Liabilities 2019: $35,951,517Net Assets 2019: $43,125,5142019Assets 2020: $81,619,701Liabilities 2020: $37,311,380Net Assets 2020: $44,308,3212020Assets 2021: $84,172,616Liabilities 2021: $38,717,838Net Assets 2021: $45,454,7782021Assets 2022: $86,677,432Liabilities 2022: $39,878,766Net Assets 2022: $46,798,6662022Assets 2023: $82,477,702Liabilities 2023: $40,013,155Net Assets 2023: $42,464,5472023Assets 2024: $86,459,491Liabilities 2024: $41,809,918Net Assets 2024: $44,649,5732024

Highlighted filing

2013

Assets$58,991,868
Liabilities$29,039,740
Net Assets$29,952,128
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0Expenses 2010: $17,030,7002010Expenses 2011: $17,744,6922011Expenses 2012: $21,456,9942012Revenue 2013: $21,988,110Expenses 2013: $21,988,110Net Income 2013: $02013Revenue 2014: $24,519,465Expenses 2014: $24,519,465Net Income 2014: $02014Revenue 2015: $22,378,748Expenses 2015: $22,378,748Net Income 2015: $02015Revenue 2016: $22,754,915Expenses 2016: $22,754,915Net Income 2016: $02016Revenue 2017: $23,036,185Expenses 2017: $23,036,185Net Income 2017: $02017Revenue 2018: $23,986,346Expenses 2018: $23,986,346Net Income 2018: $02018Revenue 2019: $23,428,968Expenses 2019: $23,428,968Net Income 2019: $02019Revenue 2020: $23,294,933Expenses 2020: $23,294,933Net Income 2020: $02020Revenue 2021: $23,582,053Expenses 2021: $23,582,053Net Income 2021: $02021Revenue 2022: $28,692,151Expenses 2022: $28,692,151Net Income 2022: $02022Revenue 2023: $28,410,342Expenses 2023: $28,410,342Net Income 2023: $02023Revenue 2024: $28,458,568Expenses 2024: $28,458,568Net Income 2024: $02024

Highlighted filing

2013

Revenue$21,988,110
Expenses$21,988,110
Net Income$0
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Feb 27, 2014
Return Version
2013v3.1
Gross Receipts
$21,988,110
Mission and Program Overview

Mission

To provide economical and reliable electric energy service to its members and to provide products, services, and leadership that will have a positive influence on the economy of the area that it serves.

To provide economical and reliable electric energy service to its members and to provide products, services, and leadership that will have a positive influence on the economy of the area that it serves

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$39,198,651$41,108,861▲ $1,910,210
Rtn Earn Endowment Incm Other Fnds$27,080,579$29,952,128▲ $2,871,549
Investments Other Securities$12,681,285$13,591,433▲ $910,148
Accounts Receivable$1,773,501$1,848,036▲ $74,535
Prepaid Expenses and Deferred Charges$201,918$1,633,154▲ $1,431,236
Cash and Non-Interest-Bearing Accounts$1,072,191$743,905▼ $328,286
Inventories for Sale or Use$72,659$66,479▼ $6,180
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$55,000,205$58,991,868▲ $3,991,663
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$25,609,592$26,841,224▲ $1,231,632
Accounts Payable and Accrued Expenses$1,877,883$1,743,793▼ $134,090
Other Liabilities$432,151$454,723▲ $22,572
Total Liabilities$27,919,626$29,039,740▲ $1,120,114
Net Assets / Fund Balance
Total Net Assets Fund Balance$27,080,579$29,952,128▲ $2,871,549
Total Liabilities and Net Assets / Fund Balance$55,000,205$58,991,868▲ $3,991,663

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$38,497,978$2,393,125$40,891,103
Equipment$1,858,589$4,064,353$5,922,942
Buildings$722,950$542,066$1,265,016
Land$29,344-$29,344
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary RaybonGm / CEOFT$116,069$22,431$138,500
Wesley LangeElectric Systm MgrFT$112,433$22,189$134,622
Leroy KasparSec-treas-$4,400-$4,400
Keith BramPresident-$3,800-$3,800
Cheryl RoachAsst. Sec/Treas-$3,500-$3,500
Peggy GlazeDirector-$3,350-$3,350
Frankie J PeterDirector-$3,300-$3,300
Kenneth ChristensenVice President-$3,300-$3,300
A J KrestaDirector-$3,100-$3,100
Craig a BramDirector-$2,500-$2,500
Paul Phillips JrDirector-$2,400-$2,400
Edward L SchneiderDirector-$1,450-$1,450

Highest Paid Contractors

ContractorServicesLocationCompensation
Powerline Construction INCConstruciton-$175,814
Asplundh Tree Expert CoTree Trimming-$137,884
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,507,210
Investment Income
$1,150,696
Other Revenue
$330,204
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,706,698
Revenue Not Reported on Financial Statements
$281,412
Other Revenue Adjustments
$281,412
Total Revenue per Audited Statements
$21,706,698
Total Revenue per Form 990
$21,988,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,380,749
Salaries, Compensation, and Employee Benefits$736,939
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$2,870,422--$2,870,422
Depreciation Depletion-$1,473,025-$1,473,025
Interest-$1,298,495-$1,298,495
Pension Plan Contributions-$478,787-$478,787
Other Expenses-$434,002-$434,002
All Other Expenses-$329,685-$329,685
Current Officers, Directors, Trustees, and Key Employees---$258,152
Total Functional Expenses$2,870,422$18,859,536$0$21,988,110

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$21,988,110
Expenses per Audited Statements$18,836,276
Total Expenses per Audited Statements$18,836,276
Expenses Not Reported on Financial Statements$3,151,834
Other Expense Adjustments$3,151,834
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Credits$359,818
Pension Obligations$94,905
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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, Line 6: Explanation of Classes of Members or Shareholder

“Rural electric cooperative members”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Reviewed at board meeting with tax preparer prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Annual affidavits of compliance with conflict of interest policy are required of all directors.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Comparison of compensation to other cooperatives of like size in the state.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

EIN
74-0981915
Phone
9795436271

Signing Officer

Name
Gary Raybon
Title
Gm/CEO
Signed
2014-02-27
Discuss with paid preparer
Yes

Organization Details

Formed
1938
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
48

Preparer

Preparer
Christopher E Krejci CPA
Phone
3615750271
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Increase in membership capital = $1127”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Patronage dividends paid to members = $2870422”

Financial Statement Notes

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Gross amount of unrelated inc-net in fs $330204 net amount of unrelated activity $-48792”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Patronage dividends allocated to members $2870422 gross exp for unrelated act-net in f/s $281412”

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt6Asst. Sec/Treas
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9GM / CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10ELECTRIC SYSTM MGR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/FormationYr01938
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt021988110
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt01298495
IRS990/InterestGrp/TotalAmt01298495
IRS990/InventoriesForSaleOrUseGrp/BOYAmt072659
IRS990/InventoriesForSaleOrUseGrp/EOYAmt066479
IRS990/InvestmentIncomeGrp/ExclusionAmt01150696
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01150696
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt012681285
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt013591433
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06999544
IRS990/LandBldgEquipBasisNetGrp/BOYAmt039198651
IRS990/LandBldgEquipBasisNetGrp/EOYAmt041108861
IRS990/LandBldgEquipCostOrOtherBssAmt048108405
IRS990/LegalDomicileStateCd0TX
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt020408295
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE ECONOMICAL AND RELIABLE ELECTRIC ENERGY SERVICE TO ITS MEMBERS AND TO PROVIDE PRODUCTS, SERVICES, AND LEADERSHIP THAT WILL HAVE A POSITIVE INFLUENCE ON THE ECONOMY OF THE AREA THAT IT SERVES
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt025609592
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt026841224
IRS990/NetAssetsOrFundBalancesBOYAmt027080579
IRS990/NetAssetsOrFundBalancesEOYAmt029952128
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt055814
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt02871549
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTR-MAINT
IRS990/OtherExpensesGrp/Desc2CONSUMER ACCOUNT
IRS990/OtherExpensesGrp/Desc3DISTR-OPERATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013514374
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1842122
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2489046
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3434002
IRS990/OtherExpensesGrp/TotalAmt013514374
IRS990/OtherExpensesGrp/TotalAmt1842122
IRS990/OtherExpensesGrp/TotalAmt2489046
IRS990/OtherExpensesGrp/TotalAmt3434002
IRS990/OtherLiabilitiesGrp/BOYAmt0432151
IRS990/OtherLiabilitiesGrp/EOYAmt0454723
IRS990/OtherRevenueMiscGrp/BusinessCd0518111
IRS990/OtherRevenueMiscGrp/Desc0MISC SALES
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0330204
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0330204
IRS990/OtherRevenueTotalAmt0330204
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherSourcesGrossIncomeAmt0429119
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0478787
IRS990/PensionPlanContributionsGrp/TotalAmt0478787
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0201918
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01633154
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0SALE OF ELECTRICITY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020507210
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020507210
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt02963402
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01195498
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt017764398
IRS990/PYOtherRevenueAmt0308741
IRS990/PYProgramServiceRevenueAmt019952755
IRS990/PYSalariesCompEmpBnftPaidAmt0729194
IRS990/PYTotalExpensesAmt021456994
IRS990/PYTotalRevenueAmt021456994
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt021706698
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt027080579
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt029952128
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0722950
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0542066
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01265016
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/EquipmentGrp/BookValueAmt01858589
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04064353
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05922942
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03151834
IRS990ScheduleD/ExpensesSubtotalAmt018836276
IRS990ScheduleD/LandGrp/BookValueAmt029344
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt029344
IRS990ScheduleD/OtherExpensesNotIncludedAmt03151834
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038497978
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02393125
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt040891103
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0359818
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt194905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION OBLIGATIONS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0281412
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0281412
IRS990ScheduleD/RevenueSubtotalAmt021706698
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GROSS AMOUNT OF UNRELATED INC-NET IN FS $330204 NET AMOUNT OF UNRELATED ACTIVITY $-48792
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PATRONAGE DIVIDENDS ALLOCATED TO MEMBERS $2870422 GROSS EXP FOR UNRELATED ACT-NET IN F/S $281412
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt041108861
IRS990ScheduleD/TotalBookValueSecuritiesAmt013591433
IRS990ScheduleD/TotalExpensesPerForm990Amt021988110
IRS990ScheduleD/TotalLiabilityAmt0454723
IRS990ScheduleD/TotalRevenuePerForm990Amt021988110
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt021706698
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018836276
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt01450
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0EDWARD L SCHNEIDER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt01450
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 1a: Relevant information in regards to selections on 1a.
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RURAL ELECTRIC COOPERATIVE MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED AT BOARD MEETING WITH TAX PREPARER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL AFFIDAVITS OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY ARE REQUIRED OF ALL DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPARISON OF COMPENSATION TO OTHER COOPERATIVES OF LIKE SIZE IN THE STATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INCREASE IN MEMBERSHIP CAPITAL = $1127
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PATRONAGE DIVIDENDS PAID TO MEMBERS = $2870422
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,991,868
Liabilities
$29,039,740
Net assets
$29,952,128
Revenue
$21,988,110
Expenses
$21,988,110
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$86.5$41.8$44.6$28.5$28.5$0.00
2023Detailed filing. Detailed filing data is available for this year.$82.5$40.0$42.5$28.4$28.4$0.00
2022Detailed filing. Detailed filing data is available for this year.$86.7$39.9$46.8$28.7$28.7$0.00
2021Detailed filing. Detailed filing data is available for this year.$84.2$38.7$45.5$23.6$23.6$0.00
2020Detailed filing. Detailed filing data is available for this year.$81.6$37.3$44.3$23.3$23.3$0.00
2019Detailed filing. Detailed filing data is available for this year.$79.1$36.0$43.1$23.4$23.4$0.00
2018Detailed filing. Detailed filing data is available for this year.$75.4$34.5$40.9$24.0$24.0$0.00
2017Detailed filing. Detailed filing data is available for this year.$71.3$32.3$39.0$23.0$23.0$0.00
2016Detailed filing. Detailed filing data is available for this year.$68.5$32.0$36.6$22.8$22.8$0.00
2015Detailed filing. Detailed filing data is available for this year.$64.9$30.2$34.7$22.4$22.4$0.00
2014Detailed filing. Detailed filing data is available for this year.$61.6$29.6$32.1$24.5$24.5$0.00
2013Detailed filing. Detailed filing data is available for this year.$59.0$29.0$30.0$22.0$22.0$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.0$27.9$27.1$21.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.7$26.7$24.9$17.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.1$26.0$22.1$17.0