2024-06-26T08:33:35-07:00 2023-12-31 150625503 Mostert Manzanero & Scott LLP 4 Associate Dr Oneonta NY 13820 990 2023-01-01 150405592 ONEIDA-MADISON ELECTRIC COOPERATIVE ONEI 3158931851 PO BOX 27 BOUCKVILLE NY 13310 RUDY BROUILLETTE President 2024-06-26 true RUDY BROUILLETTE 999009999 true DEBORAH L MOSTERT P01213266 6074328700 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z RUDY BROUILLETTE PO BOX 27 BOUCKVILLE NY 13310 3422307 false X WWW.ONEIDA-MADISON.COOP X 1942 NY The aim of Oneida-Madison Electric Cooperative, Inc. is to make electric energy available to its members at the lowest cost consistent with sound economy and good management. 7 7 9 0 0 3212526 3266105 8225 30417 -76 2772 3220675 3299294 0 222624 288166 803763 857971 0 0 2194288 2153157 3220675 3299294 0 7513518 6829018 3871972 3308595 3641546 3520423 The aim of Oneida-Madison Electric Cooperative, Inc. is to make electric energy available to its members at the lowest cost consistent with sound economy and good management. false false PROVIDED 2141 ELECTRIC SERVICES TO 1766 MEMBERS OVER 264.19 MILES OF DISTRIBUTION LINE.Electric service was provided on a cooperative basis through the allocation of patronage capital to all customers purchasing electric service from the Cooperative during the year. false false false false false false false false false true false false false 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 20 0 true 9 true false false false false false 3182921 17694 false false false X 7 7 false false false false true true true true true false false true true true true true true true true false X CEO 3158931851 PO BOX 27 BOUCKVILLE NY 13310 BRIAN BELL CEO 42.89 0.00 X 123400 0 49999 Barry Tallman Jr line foreman 40.00 0.00 104604 0 28531 RUDY BROUILLETTE President 7.24 0.00 X X 12712 0 0 DANIEL SAULSGIVER Sec - TREASURER 4.29 0.00 X X 10962 0 0 THOMAS STONE Vice President 1.47 0.00 X X 3960 0 0 JAMES NASSIMOS DIRECTOR 1.22 0.00 X 3960 0 0 JOHN LEHR Director 1.80 0.00 X 3960 0 0 LEWIS KURT PEAVEY DIRECTOR 1.13 0.00 X 3240 0 0 SETH HOWARD Director 0.78 0.00 X 2340 0 0 269138 78530 2 false true false 0 0 ELECTRIC SERVICE REVENUE 3183106 3183106 Patronage credits 12402 12402 Pole attachments 70597 70597 3266105 18860 18860 0 0 0 134570 123013 11557 11557 11557 0 0 0 Other income 2772 2772 2772 3299294 3256475 42819 0 0 0 288166 214533 0 428241 98490 73217 43490 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 112344 0 261380 0 COST OF POWER 771315 DISTRIBUTION OPERATION 404226 ADMINISTATIVE AND GENERAL 285517 DISTRIBUTION MAINTENANCE 255058 63317 3299294 0 0 0 0 546984 179296 0 508228 496007 0 0 0 124761 164629 96652 76220 10178632 4588097 5915785 5590535 0 0 321108 322331 0 0 7513518 6829018 287241 170846 83558 49358 2780430 2588901 720743 499490 3871972 3308595 X 13755 14555 3627791 3505868 3641546 3520423 7513518 6829018 X 0 -121123 X false true X true false -111336 -111336 10289968 4699433 5590535 5590535 Obligation for postretirment benefits 271677 Prepaid CIAC for Make-Ready costs 227813 499490 X 3299294 3299294 3299294 3299294 3299294 3299294 Part X : FIN48 Footnote The Cooperative is exempt from federal income taxes under Section 501(c)(12) of the Internal Revenue Code and the regulations thereunder. The Cooperative is exempt from New York franchise tax under the New York Rural Electrification Law.The Cooperative reviews the components of revenues, gains, and other support and analyzes whether the position that the Cooperative takes with regard to a particular item of income would meet the definition of an uncertain tax position.The Cooperative files information returns in the U.S. federal jurisdiction. The tax years that remain subject to examination by taxing authorities are generally the previous three years.SCHEDULE D PARTS XI&XII - RECON OF REV/EXPFOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS ALLOCATED OR TO BE 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 ALLOCATED 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. X false false false BRIAN BELL CEO 123400 32796 17203 173399 Form 990, Part VI, Section A, Line 6 Any person, firm, association, corporation, or body politic or subdivision thereof will become a member of Oneida-Madison Electric Cooperative, Inc. upon receipt of electric service from the Cooperative, provided that he or it has first:a)made written application for membershipb)agreed to purchase from the Cooperative electric energy c)agreed to comply with and be bound by the articles of incorporation and bylaws of the cooperative and any rules and regulation adopted by the Boardd)paid the membership fee Form 990, Part VI, Section A, Line 7a Members who are currently purchasing electric service from the Cooperative shall be considered active members and shall be entitled to vote at all regular and special membership meetings. Every three years a director is elected or re-elected by the membership. Form 990, Part VI, Section A, Line 7b Each active membership shall be entitled to only one vote upon any matter submitted to a vote at a meeting. All questions shall be decided by a vote of a majority of the active members voting thereon in person or by proxy, except as otherwise provided by law, the articles of incorporation or by-laws. Form 990, Part VI, Section B, Line 11b Review of Form 990 can be completed during the course of a regularly scheduled monthly board meeting at which a quorum is present. The Form 990 will be signed by an officer of the Cooperative after its review. Form 990, Part VI, Section B, Line 12c Each official must annually complete and sign the Conflict of Interest Certification and Disclosure Form and deliver the completed and signed form to President or Manager. Form 990, Part VI, Section B, Line 15b The CEO/general manager's performance review and salary adjustments will commence with the board of directors in the month of November, following further discussion with the CEO/general manager in the month of December, concluding a salary adjustment which would become effective in January the following year. The CEO/general manager's review process will be based on NRECA, general manager's review policy. Form 990, Part VI, Section C, Line 19 The Cooperative shall produce the documents upon receipt of a written request of the public. The Cooperative will keep a record of the written request. A summary format of the Cooperative financial statements are provided to the membership at the annual meeting. Form 990, Part XI, Line 9 ALLOCATION OF PATRONAGE CAPITAL CREDITS = $288166 Form 990, Part XI, Line 9 CHANGE IN MEMBERSHIPS = $800 Form 990, Part XI, Line 9 CHANGE IN OTHER EQUITIES = $0 Form 990, Part XI, Line 9 CHANGE IN OTHER EQUITIES = -$240887 Form 990, Part XI, Line 9 RETIREMENT OF PATRONAGE CAPITAL CREDITS = -$169202 FORM 990 PART IX - ACCOUNTING SYSTEM THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS (USOA) AS PRESCRIBED FOR ELECTRIC BORROWERS OF THE RURAL UTILITIES SERVICES (RUS). THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS 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 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA. FORM 990 PART IX LINE 24C ADM & GEN ADMIN AND GENERAL EXPENSES INCLUDE THE FOLLOWING:EMPLOYEE EXPENSES $ 66,505 OFFICE SUPPLIES 59,814MISC GENERAL EXPENSE 19,671 OUTSIDE SERVICES 92,089INSURANCE 26,825DIRECTOR EXPENSE 13,954RETIREE HEALTH INSURANCE 6,659TOTAL ADMIN & GENERAL $285,517 FORM 990 PART IX, LINE 4 - BENEFITS PAID TO MEMBERS PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. 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 MANNER 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 CALENDAR TAX 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. 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 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE 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 SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. FORM 990 PART IX, LINES 5-7 WAGE RECONCILIATION SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID:TOTAL PER LINES 5-7 $642,774LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (49,999)LESS: DIRECTOR FEES REPORTED ON FORMS 1099-MISC (41,134) PLUS: SALARIES AND WAGES CAPITALIZED TO PLANT 91,338TOTAL WAGES ACCRUED AND/OR PAID $642,979