2024-09-19T14:24:12-04:00 2023-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2023-01-01 750357146 J-A-C ELECTRIC COOPERATIVE INC J-A- 9408953311 1784 FM 172 HENRIETTA TX 76365 TROY S WILEY GENERAL MANAGER 9408953311 2024-09-18 true false MICHAEL K BURKE CPA P00054433 9187498337 2024-09-18 2023 2024-08-08 14:25:15Z TROY S WILEY 1723 PEDEN RD BELLEVUE TX 76228 17565899 false X WWW.JACELECTRIC.COM X 1938 TX TO PROVIDE ELECTRICITY TO RURAL AND SURROUNDING COMMUNITIES ON A COOPERATIVE BASIS AND AT THE MOST REASONABLE PRICE POSSIBLE. 7 7 18 0 0 15085508 17362202 176982 66255 155777 137442 15418267 17565899 0 1138823 957590 426723 408837 0 0 13852721 16199472 15418267 17565899 0 43026830 43030475 17272261 16180165 25754569 26850310 TO PROVIDE ELECTRICITY TO RURAL AND SURROUNDING COMMUNITIES ON A COOPERATIVE BASIS AND AT THE MOST REASONABLE PRICE POSSIBLE. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 5,960 ACTIVE SERVICES AT YEAR-END (7,465 TOTAL SERVICES IN PLACE - 1,505 IDLE SERVICES)WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL. false false false false false false false false false true false true true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 23 0 false 18 true false false false false false 17063193 269725 false false false X 7 7 false false false false true true true true true false false false true true false true true true true false TX X SHANE WILEY GENERAL MANAGER 9408953311 1784 FM 172 HENRIETTA TX 76365 TROY S WILEY GENERAL MANA 50.00 X 156020 0 86302 BILL PURSLEY DIRECTOR/SEC 4.00 X X 29540 0 0 ELAINE MARTIN PRESIDENT 4.00 X X 28389 0 0 MARVIN JOE GEIS DIRECTOR 4.00 X 27276 0 0 KENDALL BROWNING DIRECTOR 4.00 X 21561 0 0 KENNETH TEICHMAN DIRECTOR 4.00 X 20632 0 0 EDDIE LUIG JR VICE PRESIDE 4.00 X X 20595 0 0 MARK MATHEWS DIRECTOR 4.00 X 18522 0 0 322535 86302 1 false true false ALLIANCE LEASING LLC PO BOX 62797 SAN ANGELO TX 76906 POLE INSTALLS 904788 HARDIN TREE INC PO BOX 310 OOLOGAH OK 74053 TREE CLEARING 730459 GRAHAM POLELINE LTD PO BOX 307 OLNEY TX 76374 POLE CHANGES 504693 3 SALE OF ELECTRIC ENERGY 221000 16895307 16895307 PATRONAGE DIVIDENDS 221000 299009 299009 WIND FARM REVENUE 221000 87785 87785 ACCOUNT SERVICE CHARGES/FEES 221000 80101 80101 17362202 59955 59955 21220 21220 21220 21220 6300 6300 6300 6300 15047 15047 15047 MISC REVENUE 101175 101175 101175 17565899 17362202 203697 X 957590 408837 637496 891922 POWER COST 11766614 DISTRIBUTION EXPENSE 1928632 CONSUMER ACCOUNT EXPENSES 496269 ADMIN & GENERAL 478539 17565899 0 0 0 190010 283920 144142 593512 1745322 1804879 586726 631815 1048515 313540 29957616 10117059 18941324 19840557 7410143 7621905 12960648 11940347 43026830 43030475 1935240 1378472 13300000 12903399 2037021 1898294 17272261 16180165 X 59385 59975 91730 91731 25603454 26698604 25754569 26850310 43026830 43030475 X 0 1095741 X false true X true false 6673 6673 29950943 10117059 19833884 19840557 INVESTMENT IN ASSOC ORGANIZATIONS 7290157 C CAPTIAL TERM CERTIFICATES 330648 C ASSOC ORGANIZATIONS MEMBERSHIP 1000 C OTHER INVESTMENTS 100 C 7621905 WINTER STORM DEFERRED DEBIT 11932547 OTHER ASSETS 7800 11940347 ACCUM PROV POSTRETIREMENT BENEFITS 921364 DEFERRED CREDIT 772332 CONSUMER DEPOSITS 204598 1898294 X 17565899 17565899 17565899 16608309 16608309 957590 957590 17565899 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. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS ALLOCATED 957,590 X X X false false false TROY S WILEY GENERAL MANAGER 152376 3644 52580 33722 242322 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. FORM 990, PART X FORM 990, PART IX THE COOPERATIVE'S ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED BY ITS REGULATORY AGENCY. THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE EXPENSES CATEGORIES PROVIDED ON PART IX LINES 1-23. THEREFORE, OTHER EXPENSES LINE 24 INCLUDES EXPENSES THAT ARE DESCRIBED IN LINE 1-23, BUT REPORTED USING THE UNIFORM SYSTEM OF ACCOUNTS. FORM 990, PART IX: FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID OR ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS." PATRONAGE DIVIDENDS ARE ALLOCATED ON A PATRONAGE BASIS AND DONE SO PURSUANT TO A PRE-EXISTING OBLIGATION AS PROVIDED FOR IN THE "NON-PROFIT OPERATION" ARTICLE OF THE COOPERATIVE'S BYLAWS. FORM 990, PART XI, LINE 9 INCREASE IN MEMBERSHIPS 590 PATRONAGE DIVIDEND ALLOCATED 957,590 INCREASE IN OTHER EQUITIES 43 INCREASE IN AOCI 141,990 RETIREMENT OF CAPITAL CREDITS -4,472 TOTAL 1,095,741