Civic Intelligence

Comanche County Electric Cooperative Association

990 • Fiscal year 2011 • EIN 75-0202592

Jan 01, 2011 to Dec 31, 2011 • Filed on Oct 10, 2012

Organization ProfileWWW.CECA.COOP
PO Box 72976442
Siviq Scores

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

Liabilities / Assets

62nd percentile

0.59x

Higher debt load relative to assets than 62% of similar nonprofits.

2011 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

80th percentile

7.7%

Faster asset growth than 80% of similar nonprofits.

2011 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$62,557,494

Up $4,473,559 (+7.7%) from 2010

Net Assets

Up

$25,409,858

Up $1,462,594 (+6.1%) from 2010

Liabilities

Up

$37,147,636

Up $3,010,965 (+8.8%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$27,057,180

Up $1,777,946 (+7.0%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$150M$100M$50M$0Assets 2010: $58,083,935Liabilities 2010: $34,136,671Net Assets 2010: $23,947,2642010Assets 2011: $62,557,494Liabilities 2011: $37,147,636Net Assets 2011: $25,409,8582011Assets 2012: $65,181,428Liabilities 2012: $36,216,891Net Assets 2012: $28,964,5372012Assets 2013: $69,683,650Liabilities 2013: $39,165,753Net Assets 2013: $30,517,8972013Assets 2014: $75,072,180Liabilities 2014: $43,041,479Net Assets 2014: $32,030,7012014Assets 2015: $77,398,785Liabilities 2015: $44,799,646Net Assets 2015: $32,599,1392015Assets 2016: $78,671,350Liabilities 2016: $43,902,011Net Assets 2016: $34,769,3392016Assets 2017: $80,791,014Liabilities 2017: $43,614,537Net Assets 2017: $37,176,4772017Assets 2018: $84,943,937Liabilities 2018: $44,944,517Net Assets 2018: $39,999,4202018Assets 2019: $92,152,115Liabilities 2019: $49,602,244Net Assets 2019: $42,549,8712019Assets 2020: $94,591,204Liabilities 2020: $48,861,217Net Assets 2020: $45,729,9872020Assets 2021: $100,861,956Liabilities 2021: $53,833,101Net Assets 2021: $47,028,8552021Assets 2022: $125,413,479Liabilities 2022: $78,405,478Net Assets 2022: $47,008,0012022Assets 2023: $127,840,910Liabilities 2023: $77,124,783Net Assets 2023: $50,716,1272023Assets 2024: $128,004,812Liabilities 2024: $76,110,068Net Assets 2024: $51,894,7442024

Highlighted filing

2011

Assets$62,557,494
Liabilities$37,147,636
Net Assets$25,409,858
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60M$40M$20M$0Expenses 2010: $25,279,2342010Expenses 2011: $27,057,1802011Expenses 2012: $25,939,5982012Revenue 2013: $24,400,682Expenses 2013: $24,083,516Net Income 2013: $317,1662013Revenue 2014: $29,061,627Expenses 2014: $28,415,663Net Income 2014: $645,9642014Revenue 2015: $25,761,204Expenses 2015: $25,469,680Net Income 2015: $291,5242015Revenue 2016: $24,406,117Expenses 2016: $23,713,363Net Income 2016: $692,7542016Revenue 2017: $25,972,787Expenses 2017: $25,194,896Net Income 2017: $777,8912017Revenue 2018: $30,029,907Expenses 2018: $28,099,888Net Income 2018: $1,930,0192018Revenue 2019: $31,419,205Expenses 2019: $29,437,841Net Income 2019: $1,981,3642019Revenue 2020: $31,723,238Expenses 2020: $30,124,486Net Income 2020: $1,598,7522020Revenue 2021: $32,168,677Expenses 2021: $31,094,136Net Income 2021: $1,074,5412021Revenue 2022: $48,583,739Expenses 2022: $48,003,368Net Income 2022: $580,3712022Revenue 2023: $48,634,401Expenses 2023: $47,403,658Net Income 2023: $1,230,7432023Revenue 2024: $48,601,616Expenses 2024: $48,251,191Net Income 2024: $350,4252024

Highlighted filing

2011

Revenue-
Expenses$27,057,180
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Oct 10, 2012
Return Version
2011v1.2
Gross Receipts
$27,172,247
Mission and Program Overview

Mission

NONE

Filing and Contact Details

Filer

EIN
75-0202592
Raw XML AppendixShowing 400 of 484 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/Form990ScheduleDPartXIV/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. FINALLY, THE COOPERATIVE HAS PUT INTO PLACE AN "OPERATION ROUNDUP" PLAN. MEMBERS WHO WISH TO PARTICIPATE IN THE PLAN VOLUNTARILY ROUND THEIR ELECTRIC BILLS UP TO THE NEAREST WHOLE DOLLAR. THE DIFFERENCE IS USED TO FUND THE PLAN. THE "OPERATION ROUNDUP" FUNDS ARE MAINTAINED IN A SEPARATE ACCOUNT AND USED TO SUPPORT EDUCATION PROJECTS, YOUTH PROJECTS, COMMUNITY PROJECTS AND EMERGENCY ASSISTANCE WITHIN THE COMMUNITIES AND AREAS SERVED BY THE COOPERATIVE.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1ON July 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.
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IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0THE INSTRUCTIONS FOR THE 2011 FORM 990 CLARIFY THAT "BENEFITS PAID TO MEMBERS" SHOULD INCLUDE THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS PATRONS) OF SECTION 501(C)(12) COOPERATIVES. CONSISTENT WITH THIS CLARIFICATION IN THE INSTRUCTIONS, THE COOPERATIVE HAS REPORTED ON PART I, LINE 14 FOR THE CURRENT YEAR THE AMOUNT OF PATRONAGE DIVIDENDS PAID AND/OR ALLOCATED TO THE COOPERATIVE'S PATRONS FOR THE 2011 CALENDAR YEAR. SINCE PART I SUMMARIZES BOTH PRIOR AND CURRENT YEAR DATA, THE COOPERATIVE HAS CHOSEN TO ALSO REPORT ON PART I, LINE 14 FOR THE PRIOR YEAR THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE PATRONS FOR THE 2010 CALENDAR YEAR. BECAUSE THE INSTRUCTIONS FOR THE 2010 FORM 990 DID NOT PROVIDE FOR SUCH A CLARIFICATION, THE 2010 FORM 990 WAS NOT PREPARED IN THIS MANNER. HOWEVER, SINCE THE COOPERATIVE DID IN FACT ALLOCATE PATRONAGE DIVIDENDS TO ITS PATRONS FOR THE 2010 CALENDAR YEAR, IT BELIEVES THAT BOTH THE PRIOR YEAR AND CURRENT YEAR COLUMNS OF PART I SHOULD BE PREPARED CONSISTENTLY IN ORDER TO REFLECT THAT THE COOPERATIVE HAS A PRE-EXISTING OBLIGATION TO ALLOCATE, AND DOES ALLOCATE, PATRONAGE DIVIDENDS TO ITS PATRONS FOR EACH YEAR THAT IT OPERATES FOR THE BENEFIT OF THE PATRONS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. THE DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS; 2. THE DISSOLUTION/LIQUIDATION OF THE COOPERATIVE; AND 3. THE MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation4EXECUTIVE SESSION MINUTES FROM TIME TO TIME THE ENTIRE BOARD WILL GO INTO EXECUTIVE SESSION FOR DISCUSSING ITEMS OF A SENSITIVE AND CONFIDENTIAL NATURE. WHEN THIS OCCURS MANAGEMENT AND OTHERS IN ATTENDANCE ARE REMOVED FROM THE MEETING ROOM. ITEMS DISCUSSED IN EXECUTIVE SESSION ARE NOT DOCUMENTED. HOWEVER, ACTIONS TAKEN BY THE BOARD AFTER EXECUTIVE SESSIONS ARE ADJOURNED ARE FULLY DOCUMENTED IN THE WRITTEN MINUTES.
IRS990ScheduleO/GeneralExplanation/Explanation5MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILILNG. THE DISCUSSION AND REVIEW WAS PERFORMED AT THE BOARD MEETING IMMEDIATLY BEFORE THE FILING OF THE FORM 990.
IRS990ScheduleO/GeneralExplanation/Explanation6ALL DIRECTORS AND THE GENERAL MANAGER OF THE COOPERATIVE ARE REQUIRED TO REVIEW THE COOPERATIVES CONFLICT OF INTEREST POLICY AND COMPLETE AND SIGN THE COOPERATIVE'S "CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM."
IRS990ScheduleO/GeneralExplanation/Explanation7THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE SURVEY SHOWS COMPARATIVE SALARIES FOR GENERAL MANAGERS FROM SIMILARLY SITUATED COOPERATIVES LOCATED IN TEXAS AND THE NATION. THE GENERAL MANAGER USES A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT TEXAS AND THE NATION.
IRS990ScheduleO/GeneralExplanation/Explanation8THE COOPERATIVE PROVIDES ALL NEW MEMBERS WITH A MEMBERSHIP PACKET, WHICH INCLUDES THE COOPERATIVES GOVERNING DOCUMENTS. THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. ANNUALLY THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE AUDITED BALANCE SHEET AND INCOME STATEMENT TO THE MEMBERS OF THE COOPERATIVE WITH THE ANNUAL REPORT. FINALLY, A SUMMARIZED COPY OF THE COOPERATIVES FINANCIAL STATEMENTS ARE PUBLISHED IN COOP POWER MAGAZINE AND THE COOPERATIVE'S BY-LAWS CAN BE FOUND ON THEIR WEBSITE.
IRS990ScheduleO/GeneralExplanation/Explanation9THE COOPERATIVE HAS 7 BOARD MEMBERS; ALL 7 ARE ALLOWED TO VOTE, HOWEVER THE BOARD PRESIDENT VOTES ONLY IN THE CASE OF A TIE.
IRS990ScheduleO/GeneralExplanation/Explanation10THE FORM 990 INSTRUCTIONS FOR THE CURRENT YEAR CLARIFIES THAT THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS PATRONS) SHOULD BE REPORTED ON PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS". THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE BASIS ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOPERATIVE'S BYLAWS AND IS SUMMARIZED AS FOLLOWS: (A) IN ORDER TO INDUCE PATRONAGE AND TO ASSURE THAT THE COOPERATIVE WILL OPERATE ON A NONPROFIT BASIS, THE COOPERATIVE IS OBLIGATED TO ACCOUNT ON A PATRONAGE BASIS TO ALL ITS PATRONS FOR ALL AMOUNTS RECEIVED AND RECEIVABLE FROM THE FURNISHING OF ELECTRIC POWER AND ENERGY IN EXCESS OF OPERATING COSTS AND EXPENSES PROPERLY CHARGEABLE AGAINST SUCH SERVICES (I.E. MARGINS FROM THE PROVISION OF ELECTRIC POWER AND ENERGY). (B) THE MARGINS FROM THE PROVISION OF ELECTRIC POWER AND ENERGY ARE RECEIVED WITH THE UNDERSTANDING THAT THEY ARE FURNISHED BY THE PATRONS AS CAPITAL. (C) THE COOPERATIVE IS OBLIGATED TO PAY BY CREDITS TO A CAPITAL ACCOUNT FOR EACH PATRON FOR ALL SUCH MARGINS. AND (D) ALL SUCH AMOUNTS CREDITED TO THE CAPITAL ACCOUNT OF ANY PATRONS SHALL HAVE THE SAME STATUS AS THOUGH THEY HAD BEEN PAID TO THE PATRON IN CASH IN PURSUANCE OF A LEGAL OBLIGATION TO DO SO AND THE PATRON HAD THEN FURNISHED TO THE COOPERATIVE CORRESPONDING AMOUNTS OF CAPITAL. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2011 CALENDAR YEAR. AS NOTED ABOVE, SUCH AMOUNTS ARE ALLOCATED SUBSEQUENT TO YEAR-END IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). THE AMOUNTS ALLOCATED ARE REPRESENTATIVE OF THE MARGINS FROM THE PROVISION OF ELECTRIC POWER AND ENERGY TO THE PATRONS AND ARE DONE PURSUANT TO THE OLBIGATION THAT EXISTED IN THE BYLAWS PRIOR TO THE COOPERATIVE PROVIDING ELECTRICITY TO ITS PATRONS. THEREFORE, THESE AMOUNTS MEET THE DEFINITION OF THE TERM "PATRONAGE DIVIDENDS PAID". PLEASE NOTE, HOWEVER, THAT BECAUSE PATRONAGE DIVIDENDS IS THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED THE AMOUNT OF ITS 2011 MARGIN THAT HAS BEEN OR IS TO BE ALLOCATED TO THE PATRONS SUBSEQUENT TO YEAR-END. SUCH AMOUNTS ARE AN EXPENSE FOR FORM 990 REPORTING AND IS NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. AS A RESULT, THE DIFFERENCE BETWEEN THE COOPERATIVE'S GAAP BASIS FINANCIAL STATEMENTS AND THE REVENUE LESS EXPENSES REPORTED ON PART I, LINE 19 IS THE AMOUNT OF PATRONAGE DIVIDENDS REPORTED AS BENEFITS PAID TO MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation11NET CHANGE IN MEMBERSHIPS -190. RETIREMENT OF PATRONAGE CAPITAL -493,065. GAIN ON RETIRED CAPITAL CREDITS 13,234. GAIN/(LOSS) FROM EQUITY INVESTMENTS -252. PATRONAGE CAPITAL ASSIGNABLE 1,901,638. Total to Form 990, Part XI, Line 5: 1,421,365.
IRS990ScheduleO/GeneralExplanation/Explanation12THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS AS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION FOR CLASS A AND B ELECTRIC UTILITIES MODIFIED FOR ELECTRIC BORROWERS OF THE RURAL UTILITIES SERVICE(RUS). THE UNIFORM SYSTEM OF ACCOUNTING DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1 - 23. THE COOPERATIVE WILL BREAK OUT SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1 - 23 WILL BE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE UNIFORM SYSTEM OF ACCOUNTS.
IRS990ScheduleO/GeneralExplanation/Explanation13PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation14SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. IN AN EFFORT TO EXPLAIN WHY THE AMOUNTS REPORTED ON LINES 5-7 DO NOT AGREE TO THE W-3 THE FOLLOWING RECONCILIATION IS PROVIDED. TOTAL PER LINES 5-7 $ 1,598,597 LESS DIRECTORS FEES REPORTED ON 1099-MISC (81,639) PLUS SALARIES AND WAGES ALLOCATED TO ASSET ACCOUNTS 687,809 LESS OFFICER BENEFITS REPORTED ON LINE 5 (42,992) RECONCILIATION TO W-3 $ 2,161,775
IRS990ScheduleO/GeneralExplanation/Explanation15THE FOLLOWING IS A BREAKDOWN OF THE EXPENSES REPORTED AS ADMINISTRATIVE AND GENERAL EXPENSE ON FORM 990, PART IX, LINE 24 OFFICE AND SUPPLIES $ 219,523 OUTSIDE SERVICES 120,757 ANNUAL MEETING EXPENSES 41,116 DUES TO ASSOCIATED ORGANIZATIONS 42,163 OFFICE BUILDING MAINTENANCE 125,436 TOTAL ADMINISTRATIVE AND GENERAL EXPENSE PER 990 $ 548,995
IRS990ScheduleO/GeneralExplanation/Explanation16IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. AS PART OF THE PLAN DOCUMENT, THE COOPERATIVE PROVIDES A MATCHING CONTRIBUTION UP TO 6% OF A PARTICIPATING EMPLOYEE'S SALARY. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH AND LIFE INSURANCE TO ALL EMPLOYEES, INCLUDING OFFICERS, THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICER IS COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN FOR THE OFFICER, THE TOTAL AMOUNT CONTRIBUTED TO THE 401(K) PENSION PLAN AND THE INSURANCE PREMIUMS PAID FOR THE BENEFIT OF THE OFFICER.
IRS990ScheduleO/GeneralExplanation/Explanation17AUDITED FINANCIAL STATEMENTS WERE PREPARED BY AN INDEPENDENT ACCOUNTANT FOR THE COOPERATIVE'S FISCAL YEAR END OF JUNE 30TH. THE TAX RETURN HAS BEEN AND CONTINUES TO BE PREPARED BASED ON A CALENDAR YEAR END OF DECEMBER 31. THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR.
IRS990ScheduleO/GeneralExplanation/Identifier0BENEFITS PAID TO MEMBERS
IRS990ScheduleO/GeneralExplanation/Identifier1VOTING MEMBERS
IRS990ScheduleO/GeneralExplanation/Identifier2BENEFITS PAID TO MEMBERS
IRS990ScheduleO/GeneralExplanation/Identifier3Changes in Net Assets or Fund Balances:
IRS990ScheduleO/GeneralExplanation/Identifier4ACCOUNTING SYSTEM
IRS990ScheduleO/GeneralExplanation/Identifier5PATRONAGE DIVIDENDS
IRS990ScheduleO/GeneralExplanation/Identifier6RECONCILIATION OF WAGES PER RETURN TO FORM W-3
IRS990ScheduleO/GeneralExplanation/Identifier7BREAKDOWN OF EXPENSES INCLUDED IN ADMINISTRATIVE AND GENERAL
IRS990ScheduleO/GeneralExplanation/Identifier8TO PROVIDE DETAIL REGARDING THE OFFICER BENEFITS
IRS990ScheduleO/GeneralExplanation/Identifier9INDEPENDENT AUDIT
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART I, LINE 14
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part VI, Section B, line 15
IRS990ScheduleO/GeneralExplanation/ReturnReference8Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference9Form 990, Part VI, Section A, Line 1a
IRS990ScheduleO/GeneralExplanation/ReturnReference10FORM 990, PART IX, LINE 4
IRS990ScheduleO/GeneralExplanation/ReturnReference11Form 990, Part XI, line 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference12Form 990, PART IX
IRS990ScheduleO/GeneralExplanation/ReturnReference13Form 990, Part VIII, Line 2B
IRS990ScheduleO/GeneralExplanation/ReturnReference14Form 990, Part IX, Lines 5-7
IRS990ScheduleO/GeneralExplanation/ReturnReference15Form 990, Part IX, Line 24
IRS990ScheduleO/GeneralExplanation/ReturnReference16Form 990, Part VII, Column F
IRS990ScheduleO/GeneralExplanation/ReturnReference17Form 990, Part XII, Line 2B
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
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IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/State0TX
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IRS990ScheduleR/Form990ScheduleRPartIV/LegalDomicileState0TX
IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine10CECA HOLDINGS INC
IRS990ScheduleR/Form990ScheduleRPartIV/PercentageOwnership01.00000
IRS990ScheduleR/Form990ScheduleRPartIV/PrimaryActivity0INVESTMENTS
IRS990ScheduleR/Form990ScheduleRPartIV/TypeOfEntity0C
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg01
IRS990ScheduleR/OtherTransferToOtherOrg00
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs00
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg00
IRS990ScheduleR/ReimbursementPaidToOtherOrg00
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs00
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs00
IRS990ScheduleR/SaleOfAssetsToOtherOrg00
IRS990ScheduleR/SharingOfFacilities00
IRS990ScheduleR/SharingOfPaidEmployees00

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$62,557,494
Liabilities
$37,147,636
Net assets
$25,409,858
Revenue
-
Expenses
$27,057,180
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$128$76.1$51.9$48.6$48.3$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$128$77.1$50.7$48.6$47.4$1.23
2022Detailed filing. Detailed filing data is available for this year.$125$78.4$47.0$48.6$48.0$0.58
2021Detailed filing. Detailed filing data is available for this year.$101$53.8$47.0$32.2$31.1$1.07
2020Detailed filing. Detailed filing data is available for this year.$94.6$48.9$45.7$31.7$30.1$1.60
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.2$49.6$42.5$31.4$29.4$1.98
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$84.9$44.9$40.0$30.0$28.1$1.93
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$80.8$43.6$37.2$26.0$25.2$0.78
2016Detailed filing. Detailed filing data is available for this year.$78.7$43.9$34.8$24.4$23.7$0.69
2015Detailed filing. Detailed filing data is available for this year.$77.4$44.8$32.6$25.8$25.5$0.29
2014Detailed filing. Detailed filing data is available for this year.$75.1$43.0$32.0$29.1$28.4$0.65
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$69.7$39.2$30.5$24.4$24.1$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.2$36.2$29.0$25.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.6$37.1$25.4$27.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.1$34.1$23.9$25.3