Volunteer Energy Cooperative in Decatur, Tennessee (TN)

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Volunteer Energy Cooperative
Employer Identification Number (EIN)620395590
Name of OrganizationVolunteer Energy Cooperative
AddressPO BOX 277, Decatur, TN 37322-0277
ActivitiesOther services or benefits to members or employees
SubsectionOrganization Like Those on Three Preceding Lines
Ruling Date06/1956
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCooperative
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$278,858,320
Amount of Income$228,466,552
Form 990 Revenue Amount$228,466,552


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$223,095,785
Gross income from other sources$5,370,767
Statement of Revenue (for 2012)
Total revenue$228,466,552
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$223,343,634
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,047,706
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$4,075,212
Gross rents (Real / Personal)$0 / $4,075,212
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$0 / $4,075,212
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$212,834,370
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$8,940,849
Payroll taxes$0
Professional fundraising services$0
Other$203,893,521
Balance Sheet (for 2012)
Total assets$278,858,320
Total liabilities$90,090,801
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$46,366,114
Other$43,724,687
Total net assets or fund balances$188,767,519
Retained earnings, endowment, accumulated income, or other funds$188,342,019
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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9Volunteer Blind Industries Inc758 W Morris Blvd, Morristown, TN 37813-2136TN1956-06$14,763,574
10Volunteer Corporate Credit Union2460 Atrium Way, Nashville, TN 37214-5102TN1952-06$62,599,689
11Volunteer Energy CooperativePO BOX 277, Decatur, TN 37322-0277TN1956-06$228,466,552
12Volunteer Fire Department Of LuttrellPO BOX 42, Luttrell, TN 37779-0042TN1983-02$33,853
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15Volunteer Homes For ElderlyPO BOX 1218, Morristown, TN 37816-1218TN1986-05$251,596
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