2023-11-08T17:22:49-05:00 2023-06-30 990 2022-07-01 630264087 ARAB ELECTRIC COOPERATIVE INC % Stacey White ARAB 2565863196 PO BOX 770 ARAB AL 350160770 William Seth Selby Supervisor Finance and Admin. 2023-11-08 2022 2023-04-26 12:10:37Z Stacey White PO BOX 770 ARAB AL 350160770 42047974 false X www.arab-electric.org X 1947 AL Arab Electric Cooperative's most significant activities and mission include the sale of electricity at the lowest feasible rates to its membership. 9 9 37 0 0 0 0 0 37712119 40008641 5076 530388 837935 1508945 38555130 42047974 0 0 2794126 2791849 231981 265171 0 0 0 35529023 38990954 38555130 42047974 0 0 58163411 60454391 15041628 14310528 43121783 46143863 Sell electricity at the lowest feasible rates to our membership. false false 0 0 0 Arab Electric Cooperative now serves 13,683 residential accounts,2,475 small commercial accounts 177 large commercial accounts as well as 148 lighting accounts for a total number of 16,483 accounts. Arab Electric Cooperative Inc. has 1,237 miles of distribution line that delivers power purchased from the Tennessee Valley Authority TVA to its members. 0 0 0 0 0 0 0 0 0 0 false 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 22 0 true 37 true false false false false false false false 0 false false false false 40008641 68325 false false false X 9 9 false false false false true true true true true false false true false false false true true false AL X William Seth Selby 2565863196 331 S Brindlee Mtn Pkwy Arab AL 35016 Stacey White General Manager 40.00 0.00 X 135361 0 60674 Charles W Whisenant Trustee 1.00 0.00 X 8000 0 197 Bill Stricklend Trustee 1.00 0.00 X 8000 0 197 Dianne Prestridge Trustee 1.00 0.00 X 8000 0 197 Janet Bright Trustee 1.00 0.00 X 8000 0 197 Nathan Clark Trustee 1.00 0.00 X 8000 0 197 Tyler Barnes Trustee 1.00 0.00 X 8000 0 197 Ty Smith Trustee 1.00 0.00 X 8000 0 197 Jeff Warren Trustee 1.00 0.00 X 8000 0 197 Jordan Stewart Trustee 1.00 0.00 X 8000 0 197 207361 0 62447 1 false true false Corbitt Power and Light LLC 203 Pecan Street Albertville AL 35950 2182893 Central Service Association PO Box 3480 Tupelo MS 38803 196638 Powergrid Services 2350 HWY 31 NW Hartselle AL 35640 163467 Vanguard Alliance PO Box 3480 Tupelo MS 38803 162637 Service Electric Company PO Box 277790 Atlanta GA 30384 103223 5 0 0 0 0 0 0 0 0 Utilities 221000 40008641 40008641 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40008641 530388 0 0 530388 0 0 0 0 0 0 0 0 0 850600 0 0 0 850600 850600 0 0 850600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Extraordinary Income - Restitution Payments 900999 658345 0 0 658345 0 0 0 0 0 0 0 0 0 0 0 0 658345 42047974 40008641 0 2039333 X 0 0 0 0 0 0 2791849 0 265171 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7578 0 0 0 190757 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 83031 0 0 0 0 0 0 0 2430080 0 0 0 0 0 0 0 Cost of Power 29089352 0 0 0 Admin. & General 2118718 0 0 0 Taxes 1884000 0 0 0 Distribution-Maint. 2632838 0 0 0 554600 0 0 0 42047974 0 0 0 0 0 0 0 10697798 8450882 0 0 0 0 1848749 2143527 0 0 0 0 1289850 1479183 1320814 1474791 2427324 3567678 66784679 28564833 36627516 38219846 1062583 3151554 0 0 0 0 0 0 2888777 1966930 58163411 60454391 6064907 5172380 0 0 0 0 0 0 0 0 0 0 0 3860399 0 0 8976721 5277749 15041628 14310528 X 0 0 0 0 43121783 46143863 43121783 46143863 58163411 60454391 X 0 0 0 0 230231 2791849 X false true X true false 589767 589767 66194912 28564833 37630079 38219846 Consumer Energy Prepayment 350117 TVA Advances 1471184 Customer Deposits 3153080 Post-Retirement Benefits 303368 5277749 X 41964943 0 41964943 83031 83031 42047974 39173094 0 39173094 2874880 2874880 42047974 Part X, line 2 The Cooperative is exempt from income taxes under Internal Revenue Code Section 501 c 12. Management has evaluated the Cooperative's tax positions and concluded that the Cooperative had taken no uncertain tax positions that require adjustment to the financial statements. Part XI, line 4b Reclassification of Revenue Expense Items on the F S. $83,031 Part XII, line 4b Margins Allocated to Members: $2,791,849; Reclassification of Revenue Expense Items on the F S: $83,031; Total: $2,874,880 X X X false false false Stacey White General Manager 135361 0 0 0 0 0 39283 0 21391 0 196035 0 0 0 Part VI, Line 6 Arab Electric Cooperative is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the organization's bylaws. Part VI, Line 7a Arab Electric Cooperative's governing body consists of nine directors who are elected by the membership of the cooperative. Each director serves a three-year term and represents a certain district within the territory served by the cooperative. The terms are staggered in order for the cooperative to only have three directors up for election in any one year. Part VI, Line 7b The membership must approve decisions that involve substantial transfers of cooperative assets amendments to the cooperative's bylaws as well as other decisions requiring approval by law the articles of incorporation and or the cooperative's bylaws. Part VI, Line 11b Form 990 is distributed to the Board of Directors for review before the General Manager signs it. Voting Members can request a copy of Form 990 from the Cooperative. Part VI, Line 15 Salaries for the organization's officers and the top management official General Manager are determined by the Executive Committee of the Board of Directors which then goes before the entire board as a recommendation. These salaries are also defined in part by comparison of others in the same industry and key performance indicators. Part VI, Line 19 These documents are available upon request at the Cooperative's office in Arab AL. Financial statements are made public through the Cooperative's website. Part XI, Line 9 | Description:, Explanation:, Amount:| Margins Allocated to Members, Margins Allocated to Members, $2791849| Part IX, Line 4 | Explanation:| The instructions to the Form 990 indicate that organizations exempt under Section 501 c 12 should report "patronage dividends paid" to their members in Part IX Line 4 of the Form 990. Arab Electric Cooperative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Arab Electric Cooperative assigns the net margins to its members each year. The amount listed in Part IX Line 4 represents the net margins assigned to the members for the fiscal year.