2024-08-13T10:46:12-04:00 2023-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2023-01-01 541135340 RAPPAHANNOCK ELECTRIC COOPERATIVE RAPP 247 INDUSTRIAL CT FREDERICKSBURG VA 22408 JOHN D HEWA PRESIDENT & CEO 2024-08-12 true true G STEVEN GILLIAM CPA P00348264 8043231313 2024-08-12 2023 2024-08-08 14:25:15Z JOHN D HEWA 247 INDUSTRIAL CT FREDERICKSBURG VA 22408 535795561 false X WWW.MYREC.COOP X 1980 VA SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF RAPPAHANNOCK ELECTRIC COOPERATIVE. 9 9 481 493725 81337 748802 0 490374060 529839451 660109 3647666 1994641 1993023 493777612 535480140 41152 44300 5806123 11209532 64592736 68506546 0 0 418216904 438887457 488656915 518647835 5120697 16832305 1122357083 1199468499 687582267 757399996 434774816 442068503 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF RAPPAHANNOCK ELECTRIC COOPERATIVE. false false SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF RAPPAHANNOCK ELECTRIC COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 333,093,366 OTHER SALARIES AND WAGES 50,329,552 DEPRECIATION 48,295,585 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 false false true false false false false false false false false false false false true true true false true 155 0 true 481 true true true false false false false 507602729 26693534 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X X THE COOPERATIVE 5408988500 247 INDUSTRIAL CT FREDERICKSBURG VA 22408 X JOHN D HEWA PRESIDENT & 60.00 6.00 X 889738 0 102993 PETER N MUHORO CHIEF STRAT 55.00 10.00 X 429442 75000 102718 TRACEY B STEINER CHIEF ENG & 55.00 0.30 X 401202 0 102993 LAWRENCE G ANDREWS CHIEF ADMIN 60.00 1.00 X 353561 0 101740 JOHN M ARP CHIEF ENG & 40.00 X 336067 0 102993 LEESETTA J BROCK PRINCIPAL EN 55.00 X 335813 0 81312 JOHN S CRAWFORD MGR DIR SAFE 50.00 X 280366 0 72361 PATRICIA J HATCHER MGR DIR HR 50.00 X 274395 0 61047 JASON E SATTERWHITE CHIEF GRID O 50.00 1.00 X 251282 0 70685 BRUCE M BOWE JR ASSISTANT TR 60.00 1.00 X 233930 0 73226 BRET K ELLIOTT MGR DIR IT & 50.00 5.00 X 253794 0 50966 SHAWN P MCDONOUGH MGR DIR REG 40.00 X 248347 0 21353 WHITNEY S WATTS ASSISTANT SE 50.00 3.00 X 155677 0 54596 ERIC PAULSON TREASURER 17.00 1.00 X X 38800 0 0 CHRISTOPHER G SHIPE CHAIRMAN 30.00 5.00 X X 37500 0 0 EUGENE L CAMPBELL JR DIRECTOR 14.00 X 37100 0 0 LINDA R GRAY SECRETARY 17.00 5.00 X X 37000 0 0 JESSE R THOMAS JR DIRECTOR 15.00 12.00 X 36900 0 0 J MARK WOOD DIRECTOR 15.00 1.00 X 36600 0 0 SANFORD REAVES JR VICE CHAIRMA 10.50 3.00 X X 35900 0 0 DARLENE H CARPENTER DIRECTOR 18.00 9.00 X 35800 0 0 MICHAEL W LINDSAY DIRECTOR 20.00 0.00 X 35100 0 0 4774314 75000 998983 267 false true false S & N COMMUNICATIONS 3723 THREE NOTCH RD LOUISA VA 23093 CONSTRUCTION 20598649 LEE ELECTRICAL CONSTRUCTION PO BOX 55 ABERDEEN NC 28315 CONSTRUCTION 11629930 CW WRIGHT CONSTRUCTION 1610 ASHTON PARK DRIVE SOUTH CHESTERFIELD VA 238345907 CONSTRUCTION 6770951 LEWIS TREE SERVICE INC PO BOX 731897 DALLAS TX 75373 ROW CLEARING 6174201 RAPPAHANNOCK ELECTRIC COMM INC PO BOX 8059 FREDERICKSBURG VA 22404 INFO TECHNOLOGY 5852102 72 SALES OF ELECTRIC ENERGY 221000 505081637 505081637 CONTRIB IN AID OF CONSTR 221000 21446975 21446975 OTHER ELECTRIC REVENUE 221000 2521092 2521092 PATRONAGE ALLOCATIONS REC 221000 789747 789747 529839451 3235793 3235793 1606037 8277 1597760 1597760 98462 1499298 717260 305387 411873 411873 411873 2073 1757 316 316 ELECTRICAL SERVICES 221000 394947 394947 394947 535480140 529839451 493725 5146964 X 44300 11209532 4093543 50329552 9778337 34678 4270436 501029 116756 1647674 10766767 870098 586189 20803856 48295585 794266 COST OF POWER 333093366 DISTRIBUTION - MAINT 27517950 CONSUMER ACCOUNTS 8632247 DISTRIBUTION - OPERATION 6497787 -21236113 518647835 0 0 0 8255259 46467346 66026001 214867 76133227 76946596 12440037 22217791 12817075 11155102 1434565980 553075632 790230734 881490348 953436 1029157 154726177 159178196 775137 769096 1122357083 1199468499 49972845 51515229 608217197 621807734 7507563 29392225 76569470 687582267 757399996 X 434774816 442068503 434774816 442068503 1122357083 1199468499 X 16832305 -9538618 X false true X true 1434565980 553075632 881490348 881490348 INV IN ASSOC ORG - PATRONAGE CAPITAL 152452521 C INV IN ASSOC ORG - CAPITAL TERM CERT 3407956 C OTHER 3317719 C 159178196 KEY ACCOUNTS CONTRACTS 46947059 DEFERRED CREDITS 8982891 ACCRUED LIABILITIES 8130161 CONSUMER DEPOSITS 7265228 OTHER NONCURRENT LIABILITIES 4726575 CAPITAL LEASE OBLIGATION 517556 76569470 X SCHEDULE D, PAGE 3, PART X THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ASC 740. THE COOPERATIVE HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. X X X X X X true true false JOHN D HEWA PRESIDENT & CEO 770735 102000 17003 86493 16500 992731 PETER N MUHORO CHIEF STRAT & TECH 425851 75000 3591 86493 16225 532160 75000 TRACEY B STEINER CHIEF ENG & CONSUMER 392685 8517 86493 16500 504195 LAWRENCE G ANDREWS CHIEF ADMIN & FINC 348659 4902 85240 16500 455301 JOHN M ARP CHIEF ENG & OPS 333307 2760 86493 16500 439060 LEESETTA J BROCK PRINCIPAL ENG MGR 318836 16977 64812 16500 417125 JOHN S CRAWFORD MGR DIR SAFETY, RISK 268799 2000 9567 62075 10286 352727 PATRICIA J HATCHER MGR DIR HR 254018 3500 16877 56903 4144 335442 JASON E SATTERWHITE CHIEF GRID OPS 244891 5000 1391 54185 16500 321967 BRUCE M BOWE JR ASSISTANT TREASURER 232842 1088 56726 16500 307156 BRET K ELLIOTT MGR DIR IT & CYBER 247713 6081 34466 16500 304760 SHAWN P MCDONOUGH MGR DIR REG OPS 132465 115882 19786 1567 269700 WHITNEY S WATTS ASSISTANT SECRETARY 140903 14000 774 38096 16500 210273 SCHEDULE J, PAGE 1, PART I, LINE 4 JOHN D. HEWA 0 8,723 0 PETER N. MUHORO 0 1,096 0 TRACEY B. STEINER 0 1,035 0 JOHN M. ARP 0 100 0 SCHEDULE J, PART III CERTAIN INDIVIDUALS PARTICIPATE IN A NONQUALIFIED EXECUTIVE BENEFIT RESTORATION PLAN (EBR)UNDER CODE SECTION 457(F), AS A RESULT OF HAVING BENEFITS UNDER THE QUALIFIED PENSION PLAN RESTRICTED BECAUSE OF MAXIMUM LIMITS ON BENEFITS THAT MAY BE PROVIDED UNDER THE QUALIFIED PENSION PLAN. THE EBR IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE PRIOR TO PARTICIPANTS REACHING NORMAL RETIREMENT DATE AND OTHER RESTRICTIONS AS DEFINED IN THE EBR PLAN DOCUMENT. 990 REPORTING RULES REQUIRES AMOUNTS ACCRUED BUT NOT YET VESTED OR RECEIVED, TO BE INCLUDED ON SCHEDULE J PART II, COLUMN C. THE FOLLOWING INDIVIDUALS HAD AMOUNTS ACCRUED UNDER THIS PLAN DURING 2023: JOHN HEWA 189,944 TRACEY STEINER 175,747 PETER MUHORO 62,056 JASON SATTERWHITE 59,929 LAWRENCE ANDREWS 5,733 SHAWN P. MCDONOUGH RECEIVED A ONE-TIME PAYMENT DURING 2023 TOTALING 109,044 THAT HAS BEEN INCLUDED ON SCHEDULE J, PART II B (III) OTHER REPORTABLE COMPENSATION. FORM 990 FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS PATRONAGE DIVIDENDS ARE PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN THE COOPERATIVE'S BY-LAWS. THE COOPERATIVE IS OBLIGATED TO PAY BY CREDITS TO A CAPITAL ACCOUNT FOR EACH PATRON ALL SUCH AMOUNTS IN EXCESS OF OPERATING COSTS AND EXPENSES. IRS INSTRUCTIONS FOR LINE 4 CHANGED IN 2011 TO INCLUDE PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS. ACCORDINGLY, THESE AMOUNTS ARE NOW REPORTED ON LINE 4. FORM 990, PART VIII, LINE 1E FOR THE YEAR ENDED 12/31/22 THE COOPERATIVE WAS AWARDED 14,750,541 OF FEMA FUNDS AS A RESULT OF SEVERE WINTER STORMS . A SINGLE AUDIT WAS PERFORMED FOR THE YEAR ENDED 12/31/22. ON PAGE 9 OF THE 2022 FORM 990, THE COOPERATIVE REPORTED CASH RECEIVED DURING THE YEAR ENDED 12/31/22 VERSUS THE FULL AMOUNT AWARDED. FORM 990, PAGE 6, PART VI, LINE 6 ANY PERSON OR OTHER LEGAL ENTITY WHO IS ABLE TO ENTER A LEGALLY BINDING CONTRACT WILL BECOME A MEMBER OF THE COOPERATIVE UPON RECEIPT OF ELECTRIC SERVICE FROM THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A IN ANY ELECTION FOR BOARD OF DIRECTORS, EACH MEMBER SHALL HAVE THE RIGHT TO VOTE FOR THE DULY NOMINATED CANDIDATE OF THEIR CHOICE IN PERSON AT THE ANNUAL MEETING OR UPON A PROXY FORM. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS OF THE COOPERATIVE AS PROVIDED FOR IN THE BY-LAWS. FORM 990, PAGE 6, PART VI, LINE 11B BEFORE FORM 990 IS SUBMITTED TO THE IRS, THE BOARD OF DIRECTORS RECEIVES A COPY OF THE FORM. THE COOPERATIVE'S MANAGEMENT ANSWERS ANY QUESTIONS BROUGHT TO THEIR ATTENTION BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 12C THE GOVERNING BOARD OF DIRECTORS ALONG WITH MEMBERS OF MANAGEMENT COMPLETE ANNUAL CONFLICT OF INTEREST STATEMENTS. FORM 990, PAGE 6, PART VI, LINE 15A THE COOPERATIVE UTILIZES AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW MARKET TRENDS AND CONDUCT AN ANALYSIS OF COMPENSATION. THIS INFORMATION IS UTILIZED BY THE COOPERATIVE'S BOARD AS PART OF THE CEO'S ANNUAL REVIEW FOR MERIT EVALUATION. FORM 990, PAGE 6, PART VI, LINE 15B OTHER OFFICERS AND KEY EMPLOYEES ARE REVIEWED BY DIRECT SUPERVISORS FOR MERIT EVALUATION. MARKET ADJUSTMENTS ARE DETERMINED THROUGH HUMAN RESOURCES USING AN INDEPENDENT COMPENSATION CONSULTANT REVIEW OF CURRENT MARKET TRENDS AND COMPARABLE COMPENSATION DATA. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND POLICIES, AUDITED FINANCIAL STATEMENTS ALONG WITH THE FORM 990 ARE AVAILABLE UPON REQUEST. BY-LAWS AND OTHER GOVERNING DOCUMENTS ARE ALSO AVAILABLE ON THE COOPERATIVES WEB SITE. FORM 990, PART VII 990 PART VII SECTION A COLUMN F THE COOPERATIVE PARTICIPATES IN THE NRECA GROUP DEFINED PENSION PLAN. AS PART OF THIS PLAN, PARTICIPANTS ARE REQUIRED TO RECOGNIZE THE ACTUARIAL INCREASE IN THE VALUE OF THEIR ACCOUNT ON THE FORM 990. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE PLAN IS THE SAME FOR ALL INDIVIDUALS IN THE PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE WITH ALL OTHER THINGS BEING EQUAL. 990 PART VII SECTION A COLUMN D DIRECTORS ARE COMPENSATED FOR ATTENDING MEETINGS AND TRAINING. OUT OF TOTAL COMPENSATION REPORTED IN PART VII, SECTION A, COLUMN D, THE FOLLOWING AMOUNTS WERE PAID FOR DIRECTOR TRAINING: BOARD MEMBER MEETINGS TRAINING TOTAL ERIC PAULSON 30,100 8,700 38,800 CHRISTOPHER G. SHIPE 35,500 2,000 37,500 EUGENE L. CAMPBELL, JR. 30,100 7,000 37,100 LINDA R. GRAY 30,000 7,000 37,000 JESSE R. THOMAS, JR. 29,900 7,000 36,900 J. MARK WOOD 29,800 6,800 36,600 SANFORD REAVES, JR. 30,300 5,600 35,900 DARLENE H. CARPENTER 30,300 5,500 35,800 MICHAEL W. LINDSAY 30,100 5,000 35,100 TOTAL 276,100 54,600 330,700 FORM 990, PART XI, LINE 9 NON-CASH PATRONAGE ALLOCATIONS NOT REV PER IRS 4,538,949 PAT DIV PAID TO MEMBERS' ACCTS NOT EXP PER GAAP 11,209,532 GAIN ON EQUITY INVESTMENT 75,721 CONTRIBUTIONS IN AID OF CONST NOT REV PER GAAP -21,446,975 NET RETIREMENT OF CAPITAL CREDITS -3,417,200 NET CHANGE IN OCI -498,645 TOTAL -9,538,618 PROJECT BIG HEART PO BOX 7388 FREDERICKSBURG VA 22404 541681276 CHAR. GIV. VA 501C3 7 RAPP EC true COMM AWARENESS OF RAP ELEC CHARITY PO BOX 7388 FREDERICKSBURG VA 22404 203160667 CHAR. GIV. VA 501C3 7 RAPP EC true RAPPAHANNOCK ELECTRIC COMM INC PO BOX 8059 FREDERICKSBURG VA 22404 541509322 TECH SVCS VA REC C CORP 75721 1531343 1.00000 true true true false false false false false false false true false true false false true false true false false RAPPAHANNOCK ELECTRIC COMM INC A 51750 CASH