2024-10-02T10:13:21-05:00 2023-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2023-01-01 930308755 DOUGLAS ELECTRIC COOPERATIVE INC DOUG 5416736616 PO BOX 1327 ROSEBURG OR 97470 JAMES K BROOKS GENERAL MANAGER 5416736616 2024-10-01 1 0 EMINA O CRESSWELL CPA P01217304 5097472600 2024-10-01 2023 2024-10-15 13:58:12Z KEITH BROOKS PO BOX 1327 ROSEBURG OR 97470 24666822 0 X WWW.DOUGLASELECTRIC.COM X 1939 OR PROVIDE ELECTRIC SERVICE TO MEMBERS. 7 7 40 0 0 0 0 0 18673374 19346534 435198 674839 5558617 4640065 24667189 24661438 0 0 716202 893955 2796813 2785537 0 0 0 15757816 16509746 19270831 20189238 5396358 4472200 76966884 82552403 31690286 32335809 45276598 50216594 PROVIDE ELECTRIC SERVICE TO MEMBERS. 0 0 SALE OF ELECTRICAL SERVICES TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 29 0 1 40 1 0 0 0 0 0 19979172 1390119 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BILL REINHART 5416736616 PO BOX 1327 ROSEBURG OR 97470 ARMSTRONG SUZETTE TREASURER 3.00 X X 6500 0 0 BARNES EVAN DIRECTOR 3.00 X 7750 0 0 CAIRNS SHIRLEY SECRETARY 8.00 X X 10730 0 0 HOUSE E DAVID DIRECTOR 3.00 X 5500 0 0 JACKSON BILL VICE PRESIDENT 3.00 X X 5000 0 0 NELSON TERRY DIRECTOR 3.00 X 3500 0 0 POAGE ROBERT PRESIDENT 3.00 X X 3250 0 0 BROOKS KEITH CEO 40.00 X 238832 0 68826 REINHART WILLIAM CFO 40.00 X 147463 0 47374 WAY TODD DSI MANAGER 1.00 40.00 X 0 264863 53234 BIGLER PHILLIP COO 40.00 X 158319 0 52448 GREAVES GARRETT LINEMAN 47.00 X 170932 0 28825 LEYVA LORENZO LINEMAN 47.00 X 172198 0 30236 MCCALL CODY LINEMAN 47.00 X 171002 0 34821 UTLEY DONALD GENERAL-FORMAN 47.00 X 182297 0 59612 1283273 264863 375376 25 0 1 0 JENSEN'S TREE SERVICE INC PO BOX 610 WINSTON OR 97496 TREE TRIMMING 2076061 PENCE CONSTRUCTION LLC 5400 MEADOWS RD STE 400 LAKE OSWEGO OR 97035 HQ BUILDING CONSTRUCTION CONTRACTOR 868557 PIONEER UTILITY RESOURCES INC PO BOX 1306 NORTH PLAINS OR 97133 MAGAZINE, WEBSITE,SOCIAL MEDIA SERVICES 183243 JT ROCKS & EXCAVATION LLC 501 HAMBRICK AVE SUTHERLIN OR 97479 GROUND WORK/EXCAVATION 166113 4 ELECTRIC REVENUE 221000 19182319 19182319 RENT FROM ELECTRIC PROPERTY 221000 164215 164215 19346534 290836 290836 16010 4387 11623 11623 11623 385000 997 384003 384003 384003 SUBSIDIARY INCOME 221000 4472200 4472200 PATRONAGE CAPITAL CREDITS 221000 156242 156242 4628442 24661438 23810761 0 850677 893955 544724 2240813 19490 56374 1071418 2376651 TAXES - UNRELATED BUSIN 504 COST OF POWER 6300739 TRANSMISSION AND DISTRI 3796544 ADMINISTRATIVE AND GENE 1916928 971098 20189238 1192 1192 1113440 1310905 6931075 5888793 581741 984542 464527 577957 83496606 34562145 47596285 48934461 2362438 2466167 17916186 22388386 76966884 82552403 1501844 1427187 26669747 27499576 3518695 3409046 31690286 32335809 X 42175 42275 11005449 10056687 34228974 40117632 45276598 50216594 76966884 82552403 X 4472200 467796 X 0 1 X 1 1 1 496364 496364 10166647 936605 9230042 4922807 3805113 1117694 67910788 29820427 38090361 48934461 INVESTMENT IN DSI 22388386 C 22388386 PATRONAGE CAPITAL PAYABLE 2725330 DEFERRED CREDITS 164033 POSTRETIREMENT BENEFIT OBLIGATION 161964 CONSUMER DEPOSITS 357719 3409046 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME, IF ANY. AN EXEMPTION FROM THE STATE OF OREGON CORPORATION EXCISE TAX IS PROVIDED BY OREGON REVISED STATUTES 317.080. THE COOPERATIVE FOLLOWS FASB ASC 740-10, INCOME TAXES, WHICH RELATES TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE COOPERATIVE FILES AN EXEMPT ORGANIZATION TAX RETURN IN THE U.S. FEDERAL JURISDICTION. THE COOPERATIVE RECORDS UNCERTAIN TAX POSITIONS IF THE LIKELIHOOD THE POSITION WILL BE SUSTAINED UPON EXAMINATION IS LESS THAN 50%. AS OF DECEMBER 31, 2023 AND 2022, THE COOPERATIVE HAD NO ACCRUED AMOUNTS RELATED TO UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE RECORDED AS INTEREST EXPENSE AND OTHER EXPENSE, RESPECTIVELY. X X X 0 0 0 WAY TODD DSI MANAGER 0 264863 0 0 0 0 0 24218 0 29016 0 318097 0 0 BROOKS KEITH CEO 238832 0 0 0 0 0 39600 0 29226 0 307658 0 0 0 UTLEY DONALD GENERAL-FORMAN 182297 0 0 0 0 0 38492 0 21120 0 241909 0 0 0 BIGLER PHILLIP COO 158319 0 0 0 0 0 24491 0 27957 0 210767 0 0 0 MCCALL CODY LINEMAN 171002 0 0 0 0 0 14259 0 20562 0 205823 0 0 0 LEYVA LORENZO LINEMAN 172198 0 0 0 0 0 9559 0 20677 0 202434 0 0 0 GREAVES GARRETT LINEMAN 170932 0 0 0 0 0 8408 0 20417 0 199757 0 0 0 REINHART WILLIAM CFO 147463 0 0 0 0 0 18706 0 28668 0 194837 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE CLASS OF MEMBERSHIP FOR ALL CUSTOMERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION IS A COOPERATIVE FORMED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS. EACH MEMBER HAS ONE VOTE TO ELECT DIRECTORS, RATIFY CHANGES TO THE COOPERATIVE'S BYLAWS, AND ANY OTHER ACTION THAT REQUIRES APPROVAL OF THE GENERAL MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE GOVERNING BODY MAY RESERVE CERTAIN DECISIONS TO BE PUT ON A BALLOT FOR APPROVAL OF THE GENERAL MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED AND SUBMITTED FOR REVIEW BY THE GENERAL MANAGER/CEO AND CHIEF FINANCIAL OFFICER. AFTER REVIEW BY SENIOR MANAGEMENT, IT WAS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND DISCUSSION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO REVIEW VENDORS, ORGANIZATIONS AND RELATIONSHIPS ANNUALLY, AND DECLARE CONFLICTS OF INTEREST THAT ARE PROHIBITED BY COMPANY POLICY. SHOULD A CONFLICT ARISE, THE MEMBER WITH THE CONFLICT REMOVES THEMSELVES FROM THE DECISION-MAKING PROCESS INVOLVING THE CONFLICTED ENTITY. FORM 990, PART VI, SECTION B, LINE 15 MULITIPLE EXTERNAL INDUSTRY SOURCES ARE USED FOR WAGE COMPARISON AND BENCHMARKING. CEO COMPENSATION IS BASED ON INDUSTRY COMPARISON AND INDEPENDENT SURVEYS. WAGES AND ADJUSTMENTS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. TOP MANAGEMENT SALARIES ARE ALSO BASED ON INDUSTRY COMPARISONS. THE COMPENSATION REVIEW PROCESS IS COMPLETED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS, BYLAWS, BOARD POLICIES, AND OTHER ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST. THE COOPERATIVE ALSO HOLDS AN ANNUAL MEETING OF THE MEMBERSHIP AND PROVIDES FINANCIAL AND OTHER INFORMATION AT THE MEETING. FORM 990, PART XI, LINE 9: INCREASE IN MEMBERSHIPS 100. RETIREMENT OF CAPITAL CREDITS -1,000,013. DECREASE IN OCI 1,310. DONATED & DISCOUNTED CAPITAL CREDITS 572,444. BENEFITS PAID TO MEMBERS 893,955. DOUGLAS SERVICES INC 2350 NW AVIATION DR ROSEBURG OR 97470 930978241 VOICE & BROADBAND SERVICE OR DOUGLAS ELECTRIC COOPERATIVE INC C 4472200 55842164 1.00000 1 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 DOUGLAS SERVICES INC A 176059 FMV DOUGLAS SERVICES INC M 239813 FMV DOUGLAS SERVICES INC D 3320469 FMV