Civic Intelligence

J-A-C Electric Cooperative Inc

990 • Fiscal year 2014 • EIN 75-0357146

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 22, 2015

Organization ProfileWWW.JACELECTRIC.COM
1784 Fm 172Henrietta, TX 76365

(940) 895-3311

Siviq Scores

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

Liabilities / Assets

24th percentile

0.16x

Higher debt load relative to assets than 24% of similar nonprofits.

2014 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

19th percentile

0.35x

Higher debt load relative to revenue than 19% of similar nonprofits.

2014 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2014

Net Margin

31st percentile

0.0%

Higher net margin than 31% of similar nonprofits.

2014 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

78th percentile

$156,681

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2014 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2014

Asset Growth

72nd percentile

4.2%

Faster asset growth than 72% of similar nonprofits.

2014 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

13%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$21,745,551

Up $871,878 (+4.2%) from 2013

Net Assets

Up

$18,222,641

Up $769,716 (+4.4%) from 2013

Liabilities

Up

$3,522,910

Up $102,162 (+3.0%) from 2013

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin31st percentile

Revenue

Up

$10,155,914

Up $1,176,039 (+13%) from 2013

Expenses

Up

$10,155,913

Up $1,176,040 (+13%) from 2013

Net Income

Down

$1

Down $1 (-50%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$60M$40M$20M$0Assets 2010: $19,198,816Liabilities 2010: $3,657,934Net Assets 2010: $15,540,8822010Assets 2011: $19,434,610Liabilities 2011: $3,394,413Net Assets 2011: $16,040,1972011Assets 2012: $20,061,738Liabilities 2012: $3,086,574Net Assets 2012: $16,975,1642012Assets 2013: $20,873,673Liabilities 2013: $3,420,748Net Assets 2013: $17,452,9252013Assets 2014: $21,745,551Liabilities 2014: $3,522,910Net Assets 2014: $18,222,6412014Assets 2015: $22,430,620Liabilities 2015: $2,517,871Net Assets 2015: $19,912,7492015Assets 2016: $23,407,242Liabilities 2016: $3,297,577Net Assets 2016: $20,109,6652016Assets 2017: $24,045,364Liabilities 2017: $3,465,235Net Assets 2017: $20,580,1292017Assets 2018: $24,970,180Liabilities 2018: $3,652,719Net Assets 2018: $21,317,4612018Assets 2019: $26,106,180Liabilities 2019: $3,531,969Net Assets 2019: $22,574,2112019Assets 2020: $26,916,758Liabilities 2020: $3,164,065Net Assets 2020: $23,752,6932020Assets 2021: $27,594,358Liabilities 2021: $2,909,655Net Assets 2021: $24,684,7032021Assets 2022: $43,026,830Liabilities 2022: $17,272,261Net Assets 2022: $25,754,5692022Assets 2023: $43,030,475Liabilities 2023: $16,180,165Net Assets 2023: $26,850,3102023Assets 2024: $43,498,800Liabilities 2024: $15,891,469Net Assets 2024: $27,607,3312024

Highlighted filing

2014

Assets$21,745,551
Liabilities$3,522,910
Net Assets$18,222,641
Open 2014 Filing

Operations Trend

Revenue Growth89th percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $8,868,1142010Expenses 2011: $9,210,7822011Expenses 2012: $8,496,1442012Revenue 2013: $8,979,875Expenses 2013: $8,979,873Net Income 2013: $22013Revenue 2014: $10,155,914Expenses 2014: $10,155,913Net Income 2014: $12014Revenue 2015: $9,020,001Expenses 2015: $9,020,001Net Income 2015: $02015Revenue 2016: $8,608,645Expenses 2016: $8,608,645Net Income 2016: $02016Revenue 2017: $9,257,322Expenses 2017: $9,257,366Net Income 2017: -$442017Revenue 2018: $9,908,181Expenses 2018: $9,908,181Net Income 2018: $02018Revenue 2019: $10,321,701Expenses 2019: $10,321,701Net Income 2019: $02019Revenue 2020: $10,224,455Expenses 2020: $10,224,455Net Income 2020: $02020Revenue 2021: $11,304,543Expenses 2021: $11,304,543Net Income 2021: $02021Revenue 2022: $15,418,267Expenses 2022: $15,418,267Net Income 2022: $02022Revenue 2023: $17,565,899Expenses 2023: $17,565,899Net Income 2023: $02023Revenue 2024: $16,839,708Expenses 2024: $16,839,708Net Income 2024: $02024

Highlighted filing

2014

Revenue$10,155,914
Expenses$10,155,913
Net Income$1
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 22, 2015
Return Version
2014v5.0
Gross Receipts
$10,155,914
Mission and Program Overview

Mission

To provide electricity to rural and surrounding communities on a cooperative basis and at the most reasonable price possible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$17,911,495$18,641,125▲ $729,630
Land, Buildings, and Equipment, Net$13,210,237$13,657,440▲ $447,203
Investments Program Related$6,009,645$6,271,862▲ $262,217
Accounts Receivable$979,940$922,934▼ $57,006
Prepaid Expenses and Deferred Charges$75,701$502,600▲ $426,899
Inventories for Sale or Use$180,575$169,834▼ $10,741
Savings and Temporary Cash Investments$167,005$167,252▲ $247
Cap Stk Tr Prin Current Funds$53,070$53,615▲ $545
Cash and Non-Interest-Bearing Accounts$233,764$49,605▼ $184,159
Pd in Cap Srpls Land Bldg Eqp Fund$-511,640$-472,099▲ $39,541
Total Assets$20,873,673$21,745,551▲ $871,878
Other Assets Total$16,806$4,024▼ $12,782
Liabilities
Other Liabilities$2,015,365$2,446,776▲ $431,411
Accounts Payable and Accrued Expenses$1,039,350$795,442▼ $243,908
Mortgage Notes Payable Secured by Investment Property$366,033$280,692▼ $85,341
Total Liabilities$3,420,748$3,522,910▲ $102,162
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,452,925$18,222,641▲ $769,716
Total Liabilities and Net Assets / Fund Balance$20,873,673$21,745,551▲ $871,878

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,650,767$7,872,006$21,522,773
Land$6,673-$6,673
Investment Program Related Org$100--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim HooperGeneral ManaFT$107,761$48,920$156,681
Kim HooperGeneral Manager-$107,761$48,920$156,681
Elaine MartinSectretary/t-$8,225$22,548$30,773
Bill PursleyDirector-$4,900$22,548$27,448
Robert W KrahlVice Preside-$4,200$22,546$26,746
Eddie Luig JrDirector-$4,900$10,121$15,021
Jim PenningtonDirector-$4,725$10,122$14,847
Marvin Joe GeisDirector-$4,025$6$4,031
Sarah SearsFormer Manag--$2,945$2,945
Sarah SearsFormer Manager--$2,945$2,945
Jack PickettPresident-$2,450$6$2,456
Harry FlinnFormer Direc--$228$228
Harry FlinnFormer Director--$228$228

Highest Paid Contractors

ContractorServicesLocationCompensation
Northeast Rural Services INCRight Of WayPO BOX 399, Vinita, OK 74301$744,147
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,813,434
Investment Income
$323,106
Other Revenue
$19,374
Change in Net Assets
$1

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,155,914
Total Revenue per Audited Statements
$10,155,914
Total Revenue per Form 990
$10,155,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,141,150
Salaries, Compensation, and Employee Benefits$281,176
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$733,587
Depreciation Depletion---$565,456
Other Expenses---$343,850
Current Officers, Directors, Trustees, and Key Employees---$278,003
Interest---$9,272
Comp Disqual Persons---$3,173
Total Functional Expenses$0$0$0$10,155,913

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$10,155,913
Expenses per Audited Statements$9,422,326
Total Expenses per Audited Statements$9,422,326
Expenses Not Reported on Financial Statements$733,587
Other Expense Adjustments$733,587
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accum Prov Postretirement Benefits$1,997,514
Deferred Credit$323,694
Consumer Deposits$125,568
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“MEMBERS”

Form 990, Page 6, Part VI, Line 7A

“YES”

Form 990, Page 6, Part VI, Line 7B

“YES”

Form 990, Page 6, Part VI, Line 11B

“The board is furnished with a copy of the form 990 prior to filing with the irs. They review the information presented and post questions, if any, to the general manager for resolution prior to submission.”

Form 990, Page 6, Part VI, Line 15A

“The board performs the annual review of the manager. Salary for management is based on the nreca and brazos salary and compensation surveys of all texas cooperative general managers. The manager proposes the other employee salary raises and the board has final approval.”

Form 990, Page 6, Part VI, Line 15B

“The board performs the annual review of the manager. Salary for management is based on the nreca and brazos salary and compensation surveys of all texas cooperative general managers. The manager proposes the other employee salary raises and the board has final approval.”

Form 990, Page 6, Part VI, Line 19

“The documents are available upon request at the cooperative's main office. In addition, the form 990 is posted on guidestar.”

Filing and Contact Details

Filer

Filer Name
J-a-c Electric Cooperative Inc
EIN
75-0357146
Phone
9408953311
Address
1784 FM 172, HENRIETTA, TX 76365

Signing Officer

Name
Kim Hooper
Title
General Manager
Phone
9408953311
Signed
2015-06-22
Discuss with paid preparer
Yes

Organization Details

Formed
1938
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
13

Preparer

Firm
Briscoe Burke & Grigsby Llp
Address
4120 EAST 51ST STREET SUITE 100, TULSA, OK 74135-3633
Preparer
Sean B Dunahay CPA
Phone
9187498337
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Patronage dividends allocated 733,587”

Form 990, Part XI, Line 9

“Other increase in equity 39,536 increase in other equities 5 increase in membership 545 capital credit payments 3,958”

Financial Statement Notes

Schedule D, Page 3, Part X

“The cooperative is exempt from income taxes under section 501(c)(12) of the internal revenue code and, accordingly, no provision has been made for income taxes. The tax years prior to 2011 generally are not subject to examination by the u.s. Federal and most state tax authorities.”

Schedule D, Page 4, Part XII, Line 4B

“Patronage dividends allocated 733,587”

Raw XML AppendixShowing 400 of 406 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01039350
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0795442
IRS990/AccountsReceivableGrp/BOYAmt0979940
IRS990/AccountsReceivableGrp/EOYAmt0922934
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE ELECTRICITY TO RURAL AND SURROUNDING COMMUNITIES ON A COOPERATIVE BASIS AND AT THE MOST REASONABLE PRICE POSSIBLE.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt0733587
IRS990/BooksInCareOfDetail/PersonNm0KIM HOOPER GENERAL MANAGER
IRS990/BooksInCareOfDetail/PhoneNum09408953311
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01784 FM 172
IRS990/BooksInCareOfDetail/USAddress/CityNm0HENRIETTA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd076365
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt053070
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt053615
IRS990/CashNonInterestBearingGrp/BOYAmt0233764
IRS990/CashNonInterestBearingGrp/EOYAmt049605
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0278003
IRS990/CompDisqualPersonsGrp/TotalAmt03173
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0744147
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 399
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0VINITA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0OK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd074301
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0NORTHEAST RURAL SERVICES INC
IRS990/ContractorCompensationGrp/ServicesDesc0RIGHT OF WAY
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0733587
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0323106
IRS990/CYOtherExpensesAmt09141150
IRS990/CYOtherRevenueAmt019374
IRS990/CYProgramServiceRevenueAmt09813434
IRS990/CYRevenuesLessExpensesAmt01
IRS990/CYSalariesCompEmpBnftPaidAmt0281176
IRS990/CYTotalExpensesAmt010155913
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt010155914
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0565456
IRS990/Desc0TO PROVIDE ELECTRIC POWER TO RURAL AREAS ON A COOPERATIVE BASIS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt013
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt022548
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt122548
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210121
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt310122
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt422546
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt56
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt66
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt748920
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt82945
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt9228
IRS990/Form990PartVIISectionAGrp/PersonNm0ELAINE MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm1BILL PURSLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2EDDIE LUIG JR
IRS990/Form990PartVIISectionAGrp/PersonNm3JIM PENNINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBERT W KRAHL
IRS990/Form990PartVIISectionAGrp/PersonNm5MARVIN JOE GEIS
IRS990/Form990PartVIISectionAGrp/PersonNm6JACK PICKETT
IRS990/Form990PartVIISectionAGrp/PersonNm7KIM HOOPER
IRS990/Form990PartVIISectionAGrp/PersonNm8SARAH SEARS
IRS990/Form990PartVIISectionAGrp/PersonNm9HARRY FLINN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt08225
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt34725
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt44200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt54025
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt62450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7107761
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECTRETARY/T
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7GENERAL MANA
IRS990/Form990PartVIISectionAGrp/TitleTxt8FORMER MANAG
IRS990/Form990PartVIISectionAGrp/TitleTxt9FORMER DIREC
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd0true
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt010155914
IRS990/GrossRentsGrp/RealAmt019374
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/TotalAmt09272
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0180575
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0169834
IRS990/InvestmentIncomeGrp/ExclusionAmt0323106
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0323106
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt06009645
IRS990/InvestmentsProgramRelatedGrp/EOYAmt06271862
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07872006
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013210237
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013657440
IRS990/LandBldgEquipCostOrOtherBssAmt021529446
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt09813434
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE ELECTRICITY TO RURAL AND SURROUNDING COMMUNITIES ON A COOPERATIVE BASIS AND AT THE MOST REASONABLE PRICE POSSIBLE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0366033
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0280692
IRS990/NetAssetsOrFundBalancesBOYAmt017452925
IRS990/NetAssetsOrFundBalancesEOYAmt018222641
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt019374
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt019374
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt016806
IRS990/OtherAssetsTotalGrp/EOYAmt04024
IRS990/OtherChangesInNetAssetsAmt0769715
IRS990/OtherExpensesGrp/Desc0POWER COST
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION EXPENSE
IRS990/OtherExpensesGrp/Desc2ADMIN & GENERAL
IRS990/OtherExpensesGrp/Desc3CONSUMER ACCOUNT EXPENSES
IRS990/OtherExpensesGrp/TotalAmt06508054
IRS990/OtherExpensesGrp/TotalAmt11323598
IRS990/OtherExpensesGrp/TotalAmt2390920
IRS990/OtherExpensesGrp/TotalAmt3343850
IRS990/OtherLiabilitiesGrp/BOYAmt02015365
IRS990/OtherLiabilitiesGrp/EOYAmt02446776
IRS990/OtherSourcesGrossIncomeAmt0323106
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-511640
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-472099
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt075701
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0502600
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SALE OF ELECTRIC ENERGY
IRS990/ProgramServiceRevenueGrp/Desc1ACCOUNT SERVICE CHARGES/FEES
IRS990/ProgramServiceRevenueGrp/Desc2TRANSITION SETUP FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09706859
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt163479
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt243096
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09706859
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt163479
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt243096
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0527680
IRS990/PYInvestmentIncomeAmt0549414
IRS990/PYOtherExpensesAmt08179218
IRS990/PYOtherRevenueAmt019304
IRS990/PYProgramServiceRevenueAmt08411157
IRS990/PYRevenuesLessExpensesAmt02
IRS990/PYSalariesCompEmpBnftPaidAmt0272975
IRS990/PYTotalExpensesAmt08979873
IRS990/PYTotalRevenueAmt08979875
IRS990/ReconcilationRevenueExpnssAmt01
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt019374
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt017911495
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt018641125
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0167005
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0167252
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt013650767
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07872006
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt021522773
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0733587
IRS990ScheduleD/ExpensesSubtotalAmt09422326
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05933470
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1337272
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt21020
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3100
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN ASSOC ORGANIZATIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CAPTIAL TERM CERTIFICATES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2ASSOC ORGANIZATIONS MEMBERSHIP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3OTHER INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt06673
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06673
IRS990ScheduleD/OtherExpensesNotIncludedAmt0733587
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01997514
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1323694
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2125568
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUM PROV POSTRETIREMENT BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CONSUMER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt010155914
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. THE TAX YEARS PRIOR TO 2011 GENERALLY ARE NOT SUBJECT TO EXAMINATION BY THE U.S. FEDERAL AND MOST STATE TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PATRONAGE DIVIDENDS ALLOCATED 733,587
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013657440
IRS990ScheduleD/TotalBookValueProgramRltdAmt06271862
IRS990ScheduleD/TotalExpensesPerForm990Amt010155913
IRS990ScheduleD/TotalLiabilityAmt02446776
IRS990ScheduleD/TotalRevenuePerForm990Amt010155914
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010155914
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09422326
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0107761
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt026378
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt022542
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt12945
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt2228
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KIM HOOPER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SARAH SEARS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2HARRY FLINN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1FORMER MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2FORMER DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0156681
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt12945
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2228
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD IS FURNISHED WITH A COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS. THEY REVIEW THE INFORMATION PRESENTED AND POST QUESTIONS, IF ANY, TO THE GENERAL MANAGER FOR RESOLUTION PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD PERFORMS THE ANNUAL REVIEW OF THE MANAGER. SALARY FOR MANAGEMENT IS BASED ON THE NRECA AND BRAZOS SALARY AND COMPENSATION SURVEYS OF ALL TEXAS COOPERATIVE GENERAL MANAGERS. THE MANAGER PROPOSES THE OTHER EMPLOYEE SALARY RAISES AND THE BOARD HAS FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD PERFORMS THE ANNUAL REVIEW OF THE MANAGER. SALARY FOR MANAGEMENT IS BASED ON THE NRECA AND BRAZOS SALARY AND COMPENSATION SURVEYS OF ALL TEXAS COOPERATIVE GENERAL MANAGERS. THE MANAGER PROPOSES THE OTHER EMPLOYEE SALARY RAISES AND THE BOARD HAS FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE COOPERATIVE'S MAIN OFFICE. IN ADDITION, THE FORM 990 IS POSTED ON GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PATRONAGE DIVIDENDS ALLOCATED 733,587
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER INCREASE IN EQUITY 39,536 INCREASE IN OTHER EQUITIES 5 INCREASE IN MEMBERSHIP 545 CAPITAL CREDIT PAYMENTS 3,958
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt020873673
IRS990/TotalAssetsEOYAmt021745551
IRS990/TotalAssetsGrp/BOYAmt020873673
IRS990/TotalAssetsGrp/EOYAmt021745551
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt010155913
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03420748
IRS990/TotalLiabilitiesEOYAmt03522910
IRS990/TotalLiabilitiesGrp/BOYAmt03420748
IRS990/TotalLiabilitiesGrp/EOYAmt03522910
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017452925
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018222641
IRS990/TotalOtherCompensationAmt0139990
IRS990/TotalProgramServiceRevenueAmt09813434
IRS990/TotalReportableCompFromOrgAmt0141186
IRS990/TotalRevenueGrp/ExclusionAmt0342480
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09813434
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010155914
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020873673
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021745551
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.JACELECTRIC.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KIM HOOPER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum09408953311
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0J-A-C ELECTRIC COOPERATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0J-A-
ReturnHeader/Filer/EIN0750357146
ReturnHeader/Filer/PhoneNum09408953311
ReturnHeader/Filer/USAddress/AddressLine1Txt01784 FM 172
ReturnHeader/Filer/USAddress/CityNm0HENRIETTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076365
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731293012
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRISCOE BURKE & GRIGSBY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04120 EAST 51ST STREET SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TULSA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0741353633
ReturnHeader/PreparerPersonGrp/PhoneNum09187498337
ReturnHeader/PreparerPersonGrp/PreparationDt02015-06-22

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,745,551
Liabilities
$3,522,910
Net assets
$18,222,641
Revenue
$10,155,914
Expenses
$10,155,913
Net income
$1
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.5$15.9$27.6$16.8$16.8$0.00
2023Detailed filing. Detailed filing data is available for this year.$43.0$16.2$26.9$17.6$17.6$0.00
2022Detailed filing. Detailed filing data is available for this year.$43.0$17.3$25.8$15.4$15.4$0.00
2021Detailed filing. Detailed filing data is available for this year.$27.6$2.91$24.7$11.3$11.3$0.00
2020Detailed filing. Detailed filing data is available for this year.$26.9$3.16$23.8$10.2$10.2$0.00
2019Detailed filing. Detailed filing data is available for this year.$26.1$3.53$22.6$10.3$10.3$0.00
2018Detailed filing. Detailed filing data is available for this year.$25.0$3.65$21.3$9.91$9.91$0.00
2017Detailed filing. Detailed filing data is available for this year.$24.0$3.47$20.6$9.26$9.26$0.00
2016Detailed filing. Detailed filing data is available for this year.$23.4$3.30$20.1$8.61$8.61$0.00
2015Detailed filing. Detailed filing data is available for this year.$22.4$2.52$19.9$9.02$9.02$0.00
2014Detailed filing. Detailed filing data is available for this year.$21.7$3.52$18.2$10.2$10.2$0.00
2013Detailed filing. Detailed filing data is available for this year.$20.9$3.42$17.5$8.98$8.98$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.1$3.09$17.0$8.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.4$3.39$16.0$9.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$3.66$15.5$8.87