Hickman-Fulton Counties Rural Electric Cooperative Corporation
- Assets
- $0.0
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Hickman, KY
- Founding
- Data as of
- 06/2016
- EIN
- 61-0224485
Organization Overview
Hickman-Fulton Counties Rural Electric Cooperative Corporation is located in Hickman, KY. As of 06/2016, Hickman-Fulton Counties Rural Electric Cooperative Corporation employed 16 individuals. Hickman-Fulton Counties Rural Electric Cooperative Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ALWAYS PROVIDE THE MOST RELIABLE ELECTRIC SERVICE AT THE LOWEST RATES POSSIBLE AND TO PROVIDE THE CONSUMERS IN OUR SERVICE AREA WITH A MEMBER OWNED UTILITY THAT FOCUSES ON OUR CUSTOMERS' NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UTILIZING APPROXIMATELY 727 MILES OF DISTRIBUTION LINES, HICKMAN-FULTON COUNTIES RURAL ELECTRIC COOPERATIVE CORPORATION PROVIDED ELECTRIC ENERGY TO ITS MEMBERS LOCATED IN FULTON, HICKMAN, CARLISLE, AND GRAVES COUNTIES IN KENTUCKY AND OBION AND LAKE COUNTIES IN TENNESSEE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kimbell Chairman | Trustee | 2 | $5,635 |
Jerry Graham Vice Chairma | Trustee | 2 | $4,015 |
Vercel Bryant Secretary/tr | Trustee | 2 | $4,015 |
Ralph Wayne Adams Board Member | Trustee | 2 | $4,015 |
Sammy Todd Board Member | Trustee | 2 | $3,290 |
Debra Weatherford Pres/ceo | Officer | 40 | $67,951 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckenzie Tree Service Inc Right Of Way Clearing | 6/29/15 | $611,059 |
Stambaugh Roofing Inc Roofing | 6/29/15 | $172,500 |
Service Electric Inc Electrical Contractor | 6/29/15 | $165,158 |
T&d Solutions Llc Electrical Contractor | 6/29/15 | $120,528 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,362,273 |
| Investment income | $27,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,213 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,462,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $148,211 |
| Compensation of current officers, directors, key employees. | $88,921 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,953 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $97,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $352,261 |
| Insurance | $0 |
| All other expenses | $245,808 |
| Total functional expenses | $5,578,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |