2023-05-15T09:22:24-04:00 2022-12-31 590548468 PURVIS GRAY & COMPANY LLP 222 NORTH EAST FIRST STREET GAINESVILLE FL 32601 990 2022-01-01 590545223 WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC WITH 3525675133 PO BOX 278 DADE CITY FL 33526 DAVID B LAMBERT II EXEC VP/G MGR 5/1/23 3525675133 2023-05-10 true DAVID B LAMBERT II 999009999 true LISA M MAROUSKY CPA P01965450 3523782461 2023-05-10 2022 2023-04-26 12:10:37Z DAVID B LAMBERT II PO BOX 278 DADE CITY FL 33526 584668859 false X WWW.WREC.NET X 1941 FL THE GOAL OF THE COOPERATIVE IS TO PROVIDE EACH OF ITS MEMBERS THE BEST POSSIBLE SERVICE AT THE LOWEST COST. 9 8 573 688487 527954 0 474809309 577939187 1229469 5437953 698051 704620 476736829 584081760 45188 84880 21046025 22186624 3041479 3001388 0 0 441472170 536483715 465604862 561756607 11131967 22325153 1217179383 1278036654 606179466 637390767 610999917 640645887 THE GOAL OF THE COOPERATIVE IS TO PROVIDE EACH OF ITS MEMBERS THE BEST POSSIBLE SERVICE AT THE LOWEST COST. false false 561662171 84880 577939187 SALE OF ELECTRICITY TO MEMBERS-RURAL ELECTRIC COOPERATIVE 561662171 false false false false false false false false false true false true false true true false true false false false false false false false false false true false true false false false false true true false false false false false true true true false true 61 0 573 true true true false false false false 549681599 6289109 false true false X 9 8 false false false false true true false true true false false true true true true true true true true true true FL X LINDA MANN 3525675133 14651 21ST STREET DADE CITY FL 33523 BILLY BROWN EXECUTIVE VI 30.00 10.00 X 0 1101784 18113 DAVID B LAMBERT II MANAGER 40.00 X 267250 0 169482 RONNIE DEESE MANAGER 40.00 X 277686 0 93195 MARLIN SEXTON JR DISTRICT MAN 40.00 X 215030 0 97467 WILLIAM PRIM SR ENGINEER 40.00 X 261838 0 30605 DAVID GONZALEZ DISTRICT MAN 40.00 X 207213 0 29662 JOSEPH MARINA DISTRICT MAN 40.00 1.00 X 210467 0 20855 ALAN HENGESBACH SEC'Y/TREASU 7.00 1.00 X X 43862 0 0 TERRENCE SCHRADER PRESIDENT 7.00 1.00 X X 41762 0 0 KIMBERLY KINNEY TRUSTEE 5.00 1.00 X 33812 0 0 DESMOND G LITTLE TRUSTEE 5.00 1.00 X 33791 0 0 ROBERT BARTHLE TRUSTEE 4.00 1.00 X 32912 0 0 PATRICIA P BECHTELHEIMER TRUSTEE 5.00 1.00 X 28424 0 0 PAUL LITTLE TRUSTEE 5.00 1.00 X 28087 0 0 ROBERT W STRICKLAND VICE PRESIDE 6.00 1.00 X X 20966 0 0 DAVID HUNNICUTT TRUSTEE 5.00 1.00 X 17100 0 0 1720200 1101784 459379 186 false true false THE DAVEY TREE EXPERT PO BOX 94532 CLEVELAND OH 44101 ROW CUTTING 13134180 PIKE ELECTRIC INC PO BOX 746308 ATLANTA GA 30374 CONSTRUCTION 6799736 CATHEDRAL CORPORATION 6851 TPC DRIVE ORLANDO FL 32822 PRINTING SVCS 1490430 ACRT INC PO BOX 734623 DALLAS TX 753734323 ROW MAINTENANCE 822703 PRIMORIS DISTRIBUTION SERVICES INC PO BOX 90022 BATON ROUGE LA 70879 CONSTRUCTION 774400 20 ELECTRICITY SALES 221000 562731851 562731851 G&T CAPITAL CREDITS 221000 6800000 6800000 QUALIFIED POLE RENTAL 221000 4934358 4934358 OTHER CAPITAL CREDITS 221000 1786839 1786839 HOME GENERATOR 221000 1686139 1686139 577939187 4878241 4878241 788544 200818 587726 587726 587726 945993 386281 559712 559712 559712 ORANGE SALES 453000 100761 100761 REVENUE FROM MERCHANDISING 453000 16133 16133 116894 584081760 573004829 688487 10388444 84880 22186624 1491519 1509869 13742147 32163326 COST OF POWER 390200771 DISTRIBUTION EXPENSES 59819192 GENERAL & ADMINISTRATIVE 15918820 CONSUMER ACCOUNTS EXPENSE 14050931 10588528 561756607 0 0 0 25620 25745 303687542 278301013 36165781 50343938 1443451 1798712 30243302 50699321 3972626 7604785 1085502167 360523010 693619141 724979157 100895 75671 17141284 24430291 130502773 138105838 276968 1672183 1217179383 1278036654 48688976 68251993 502339313 534941047 55151177 34197727 606179466 637390767 X 1019705 1051515 609980212 639594372 610999917 640645887 1217179383 1278036654 X 22325153 7320817 X false true X true false 503369 503369 57637 57637 880413 549125 331288 1084060748 359916248 724144500 724979157 SEMINOLE ELECTRIC COOP INVESTMENT 125161477 C COBANK INVESTMENT 3520701 C CTC -CFC INVESTMENT 3479367 C FEDERATED INSURANCE INVESTMENT 2119842 C GRESCO INVESTMENT 1902341 C NRU CFC INVESTMENT 1659255 C NISC INVESTMENT 230000 C NATIONAL RURAL TELECOM COOPERATIVE 20038 C OTHER ASSOCIATED ORGANIZATIONS 12817 C 138105838 CUSTOMER DEPOSITS 28639328 DEFERRED CREDITS 5482728 PENSION & BENEFITS PROVISION 75671 34197727 X 589779774 5497196 5497196 584282578 -200818 -200818 584081760 537978990 -1791811 -1791811 539770801 21985806 21985806 561756607 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS INCLUDED IN CONSOLIDATED AUDITED FINANCIAL STATEMENTS. THE FOLLOWING IS A SUMMARY OF THE FOOTNOTE RELATED TO REQUIRED DISCLOSURES UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION 740, INCOME TAX UNCERTAINTIES (FORMERLY FIN 48): UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION 740, INCOME TAXES, IT IS THE POLICY OF MANAGEMENT TO EVALUATE ITS TAX POSITIONS ON AN ONGOING BASIS AND TO DISCLOSE ANY SUCH POSITIONS IT BELIEVES WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS AND RELATED NOTES. MANAGEMENT ALSO BELIEVES THAT NO SUCH REQUIRED DISCLOSURES CURRENTLY EXIST. THE COMPANIES ARE GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2019. INTEREST OR PENALTIES ON UNRECOGNIZED TAX BENEFITS, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. SCHEDULE D, PAGE 4, PART XI, LINE 2D EARNINGS OF SUBSIDIARY 7,289,007 OTHER EXPENSES SHOWN NET OF REVENUES FOR FINANCIAL 0 STATEMENT REPORTING 0 RESALE MERCHANDISE EXPENSE -5,483 NONUTILITY REG PAY EXPENSE -94,436 TOWER EXPENSES -90,281 HOME GENERATOR PROGRAM EXPENSES -1,601,611 SCHEDULE D, PAGE 4, PART XI, LINE 4B RENTAL EXPENSES NETTED ON STATEMENT OF REVENUES -200,818 SCHEDULE D, PAGE 4, PART XII, LINE 2D OTHER EXPENSES SHOWN NET OF REVENUES FOR FINANCIAL 0 STATEMENT REPORTING 0 RESALE MERCHANDISE EXPENSE -5,483 NONUTILITY REG PAY EXPENSE -94,436 TOWER EXPENSES -90,281 HOME GENERATOR PROGRAM EXPENSES -1,601,611 ROUNDING 0 SCHEDULE D, PAGE 4, PART XII, LINE 4B RENTAL EXPENSES NETTED ON STATEMENT OF REVENUES -200,818 RETIREMENT OF CAPITAL CREDITS 22,186,624 true NRECA INTERNATIONAL FOUNDATION PO BOX 758777 BALTIMORE MD 21275 530116145 501C3 25000 CASH GENERAL SUPPORT PASCO ECONOMIC DEVELOPMENT COUNCIL 16506 POINTE VILLAGE DRIVE 101 LUTZ FL 33548 592031062 501C3 25000 CASH GENERAL SUPPORT PASCO SHERIFF'S DEPARTMENT 8700 CITIZENS DRIVE NEW PORT RICHEY FL 34654 596000793 GOV 8158 NBV VEHICLES GENERAL SUPPORT FLORIDA ELECTRIC COOPERATIVES ASSOC 2916 APALACHEE PKWY TALLAHASSEE FL 32301 590633990 501C6 10000 CASH GENERAL SUPPORT 3 1 SCHEDULE I, PAGE 1, PART I, LINE 2 THE GRANTS ARE USED FOR THE GENERAL MISSION OF THE ORGANIZATIONS. X X false true false BILLY BROWN EXECUTIVE VICE PRES. 485367 614439 1978 18113 1119897 DAVID B LAMBERT II MANAGER 230204 30000 7046 144680 24802 436732 RONNIE DEESE MANAGER 242338 30000 5348 66233 26962 370881 MARLIN SEXTON JR DISTRICT MANAGER 181570 20000 13460 73572 23895 312497 WILLIAM PRIM SR ENGINEER 232392 25000 4446 10008 20597 292443 DAVID GONZALEZ DISTRICT MANAGER 183730 20000 3483 7927 21735 236875 JOSEPH MARINA DISTRICT MANAGER 186822 20000 3645 7927 12928 231322 SCHEDULE J, PART III SCHEDULE J, PART I, LINE 4B: RONNIE DEESE IS A PARTICIPANT IN A NONQUALIFIED SUPPLEMENTAL DEFERRED COMPENSATION PLAN. THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING 2022. LAKE JOVITA FARM & GROVE SERVICES SCH L, PART V 18000 GROVE MAINTENANCE false SEMINOLE ELECTRIC COOPERATIVE INC SCH L, PART V 390200771 PURCHASED POWER false SCHEDULE L, PART V SCHEDULE L, PART IV LINE 1 - COLUMN (B) - RELATIONSHIP BETWEEN INTEREST PERSON AND THE ORGANIZATION: LAKE JOVITA FARM & GROVE SERVICES, INC. IS OWNED BY MEMBERS OF TERRENCE SCHRADER'S FAMILY. COLUMN (C) - AMOUNT OF TRANSACTION THE AMOUNT LISTED IN COLUMN (C) AS THE 'AMOUNT OF TRANSACTION' REPRESENTS THE AGGREGATE AMOUNT OF ALL TRANSACTIONS DURING THE YEAR FOR THE SERVICES PROVIDED AND IS NOT INTENDED TO REPRESENT A SINGLE TRANSACTION BETWEEN THE PARTIES. LINE 2 - COLUMN (B) - RELATIONSHIP BETWEEN INTEREST PERSON AND THE ORGANIZATION: GENERAL MANAGER BILLY BROWN AND DIRECTORS ROBERT STRICKLAND AND TERRANCE SCHRADER SERVE ON THE BOARD OF TRUSTEES OF SEMINOLE ELECTRIC COOPERATIVE, INC. COLUMN (C) - AMOUNT OF TRANSACTION THE AMOUNT LISTED IN COLUMN (C) AS THE 'AMOUNT OF TRANSACTION' REPRESENTS THE AGGREGATE AMOUNT OF ALL TRANSACTIONS DURING THE YEAR FOR THE SERVICES PROVIDED AND IS NOT INTENDED TO REPRESENT A SINGLE TRANSACTION BETWEEN THE PARTIES. FORM 990 THE IRS' INSTRUCTIONS FOR THE 2022 VERSION OF THE FORM 990, PART IX, LINE 4 STATE: "ENTER THE PAYMENTS MADE BY THE ORGANIZATION TO PROVIDE BENEFITS TO MEMBERS (...PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS). STATEMENT OF FUNCTIONAL EXPENSES, LINE 4 IS ENTITLED "BENEFITS PAID TO OR FOR MEMBERS." SIGNIFICANT INDUSTRY-WIDE DISCUSSIONS BEGAN REGARDING THE NEED FOR THE IRS' CLARIFICATION AND WHETHER "PATRONAGE DIVIDENDS PAID" MEANS CAPITAL CREDITS ALLOCATED, CAPITAL CREDITS RETIRED OR SOME OTHER AMOUNT. WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE, INC. WREC PRIDES ITSELF WITH A PROMPT FILING OF ITS ANNUAL FORM 990. IT INTENDS TO CONTINUE THAT TRADITION AND NOT WAIT UPON ADDITIONAL GUIDANCE THAT MAY COME FROM THE INTERNAL REVENUE SERVICE OR OTHER SOURCES. FOR PURPOSES OF THIS FORM 990, THE AMOUNT REPORTED ON LINE 4 REPRESENTS THE AMOUNT REPORTED IN THE AUDITED STATEMENT OF REVENUE, EXPENSES AND CHANGES IN PATRONAGE CAPITAL FOR THE YEAR ENDED DECEMBER 31, 2022. FORM 990, PART IX, LINE 24 UNRELATED BUSINESS TAXES PAID IN 2022 FEDERAL TAXES (990T) PAID IN 2022 - 104,374. STATE TAXES (F-1120) PAID IN 2022 - 22,203. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF FLORIDA AND OPERATES AS AN ELECTRIC DISTRIBUTION COOPERATIVE. IT IS THEREFORE A MEMBERSHIP ORGANIZATION AND ALL MEMBERS HAVE IDENTICAL RIGHTS UNDER THE COOPERATIVE'S ORGANIZATIONAL DOCUMENTS AND THE STATUTES OF THE STATE OF FLORIDA. FORM 990, PAGE 6, PART VI, LINE 7A UNDER THE COOPERATIVE'S ORGANIZING DOCUMENTS AND THE LAWS OF THE STATE OF FLORIDA, THERE IS ONLY ONE CLASS OF MEMBERSHIP. ANY PERSON OR BUSINESS WITHIN THE GEOGRAPHIC SERVICE AREA OF THE COOPERATIVE IS ELIGIBLE TO BECOME A MEMBER UPON APPLICATION AND PAYMENT OF THE MEMBERSHIP FEE. THE MEMBERS VOTE IN ELECTIONS OF THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 11B THE GENERAL MANAGER, ACCOUNTING AND FINANCE MANAGER, CONTROLLER AND ACCOUNTING ALL REVIEW THE 990. ADDITIONALLY, FORM 990 WILL BE EMAILED TO EACH BOARD MEMBER PRIOR TO SUBMITTAL. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION OBTAINS A CONFLICT OF INTEREST STATEMENT FROM EACH EMPLOYEE AND MEMBER OF THE BOARD OF TRUSTEES ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A A COMPENSATION STUDY WAS CONDUCTED BY AN OUTSIDE CONSULTANT FOR THE YEAR ENDED DECEMBER 31, 2008. THE ORGANIZATION USED THE RESULTS OF THAT STUDY AS WELL AS OTHER FACTORS TO DETERMINE COMPENSATION FOR 2022. MINUTES OF MEETINGS OF THE BOARD OF TRUSTEES WILL SHOW APPROVAL OF THE SALARY FOR THE EXECUTIVE VICE PRESIDENT. FORM 990, PAGE 6, PART VI, LINE 15B A COMPENSATION STUDY WAS CONDUCTED BY AN OUTSIDE CONSULTANT FOR THE YEAR ENDED DECEMBER 31, 2008. THE ORGANIZATION USED THE RESULTS OF THAT STUDY AS WELL AS OTHER FACTORS TO DETERMINE COMPENSATION FOR 2022. FORM 990, PAGE 6, PART VI, LINE 19 THE FINANCIAL STATEMENTS ARE INCLUDED IN THE ORGANIZATION'S ANNUAL REPORT WHICH IS SENT OUT TO THE MEMBERSHIP OF THE ORGANIZATION. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT CURRENTLY MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 INCREASE IN MEMBERSHIPS 31,810 EARNINGS OF SUBSIDIARY 7,289,007 TOTAL 7,320,817 WREC EDUCATIONAL FOUNDATION INC WREC EDUCATIONAL FOUNDATION PO BOX 278 PO BOX 278 DADE CITY FL 33526 593407203 SCH R, VII FL 501C3 7 NA N/A true WITHLACOOCHEE RIVER ELECTRIC CARES WITHLACOOCHEE RIVER ELECTRIC CARES PO BOX 278 PO BOX 278 DADE CITY FL 32526 593141822 SCH R, VII FL 501C3 7 NA N/A true LAKE JOVITA ASSOCIATES INC LAKE JOVITA ASSOCIATES INC PO BOX 278 PO BOX 278 DADE CITY FL 33526 593514097 SCH R, VII FL N/A false URADCO INC URADCO INC PO BOX 278 PO BOX 278 DADE CITY FL 33526 592594767 SCH R, VII FL N/A false ONE LACOOCHEE CENTER ONE LACOOCHEE CENTER 14651 21ST STREET 14651 21ST STREET DADE CITY FL 33523 843761078 SCH R VII FL N/A false false true false false true false false false false false false false false true true false false true false URADCO INC O 756781 COST URADCO INC E 39549 COST WREC EDUCATIONAL FOUNDATION INC B 1505418 COST WREC EDUCATIONAL FOUNDATION INC N 5934 COST WREC EDUCATIONAL FOUNDATION INC O 9084 COST WITHLACOOCHEE RIVER ELECTRIC CARES O 9792 COST WITHLACOOCHEE RIVER ELECTRIC CARES N 6988 COST WITHLACOOCHEE RIVER ELECTRIC CARES R 269410 COST SCHEDULE R SCHEDULE R, PART II WREC EDUCATIONAL FOUNDATION, INC. (59-3407203) PRIMARY ACTIVITY - COLLEGE SCHOLARSHIPS WITHLACOOCHEE RIVER ELECTRIC CARES, INC. (59-3141822) PRIMARY ACTIVITY - FOOD, CLOTHING AND SHELTER TO DISTRESSED. SCHEDULE R, PART IV URADCO, INC. (59-2594767) PRIMARY ACTIVITY - REAL ESTATE/CITRUS DIRECT CONTROLLING ENTITY - WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE, INC. LAKE JOVITA ASSOCIATES, INC. (59-3514097) PRIMARY ACTIVITY - REAL ESTATE DEVELOPMENT DIRECT CONTROLLING ENTITY - URADCO, INC. ONE LACOOCHEE CENTER (84-3761078) PRIMARY ACTIVITY - REAL ESTATE DEVELOPMENT DIRECT CONTROLLING ENTITY - URADCO, INC.