CENTRAL VIRGINIA ELECTRIC COOPERATIVE: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CENTRAL VIRGINIA ELECTRIC COOPERATIVE (EIN 54-0164798)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-22
- IRS object ID
- 202442969349301514
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-22T14:45:59-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 541320089 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADAMS JENKINS & CHEATHAM | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 WYLDEROSE DR | AddressLine1Txt |
| City | MIDLOTHIAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540164798 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CENTRAL VIRGINIA ELECTRIC | BusinessNameLine1Txt |
| Business Name Line2 | COOPERATIVE | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CENT | BusinessNameControlTxt |
| Phone | 4342638336 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 247 | AddressLine1Txt |
| City | LOVINGSTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22949 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GARY E WOOD | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 4342638336 | PhoneNum |
| Signature | 2024-10-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | G STEVEN GILLIAM CPA | PreparerPersonNm |
| PTIN | P00348264 | PTIN |
| Phone | 8043231313 | PhoneNum |
| Preparation | 2024-10-21 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GARY E WOOD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 247 | AddressLine1Txt |
| City | LOVINGSTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22949 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $114,631,058 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF CENTRAL VIRGINIA ELECTRIC COOPERATIVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 127 | TotalEmployeeCnt |
| Total Gross UBI | $10,470,533 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $3,094,600 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,016,967 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $110,043,200 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $105,290,865 | CYProgramServiceRevenueAmt |
| PY Investment Income | $243,586 | PYInvestmentIncomeAmt |
| CY Investment Income | $448,375 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,375,996 | PYOtherRevenueAmt |
| CY Other Revenue | $8,875,860 | CYOtherRevenueAmt |
| PY Total Revenue | $116,679,749 | PYTotalRevenueAmt |
| CY Total Revenue | $114,615,100 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $5,790,984 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $2,072,090 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $18,600,976 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $19,568,377 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $92,380,447 | PYOtherExpensesAmt |
| CY Other Expenses | $93,238,141 | CYOtherExpensesAmt |
| PY Total Expenses | $116,772,407 | PYTotalExpensesAmt |
| CY Total Expenses | $114,878,608 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$92,658 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$263,508 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $421,331,985 | TotalAssetsBOYAmt |
| Total Assets EOY | $454,408,898 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $341,306,644 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $372,628,463 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $80,025,341 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $81,780,435 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF CENTRAL VIRGINIA ELECTRIC COOPERATIVE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL VIRGINIA ELECTRIC COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 65,979,616 OTHER SALARIES AND WAGES 14,015,927 INTEREST 11,356,500 | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 54 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 127 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $104,179,302 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $11,895,865 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THE CORPORATION | PersonNm |
| Phone | 4342638336 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 COOPERATIVE WAY | AddressLine1Txt |
| City | ARRINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22922 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| GARY E WOOD | ||||||||
| PRESIDENT & | 50.00 | 20.00 | Yes (X) | $733,485 | $0 | $80,203 | ||
| CHARLES MAURHOFF | ||||||||
| COO | 50.00 | 20.00 | Yes (X) | $420,266 | $0 | $74,201 | ||
| TINA M MALLIA | ||||||||
| CFO | 50.00 | 20.00 | Yes (X) | $377,059 | $0 | $71,228 | ||
| MELISSA GAY | ||||||||
| MEMBER SVCS | 40.00 | 8.00 | $270,938 | $0 | $58,431 | Yes (X) | ||
| MATTHEW WOOD | ||||||||
| INFO TECH MG | 40.00 | 8.00 | $238,659 | $0 | $55,306 | Yes (X) | ||
| LYNNE BEARDSLEY | ||||||||
| HR MANAGER | 40.00 | 8.00 | $230,161 | $0 | $55,666 | Yes (X) | ||
| JASON PALMER | ||||||||
| OPERATIONS M | 40.00 | 8.00 | $218,759 | $0 | $55,383 | Yes (X) | ||
| CHARLES WARD | ||||||||
| ENG SVCS MAN | 40.00 | 8.00 | $197,553 | $0 | $61,431 | Yes (X) | ||
| GLORIA W VEST | ||||||||
| DIRECTOR | 8.00 | 6.00 | $31,300 | $0 | $0 | Yes (X) | ||
| BRIAN BATES | ||||||||
| SECRETARY | 8.00 | 6.00 | Yes (X) | $31,050 | $0 | $0 | Yes (X) | |
| FRANK BABER III | ||||||||
| VICE-CHAIRMA | 8.00 | 6.00 | Yes (X) | $31,050 | $0 | $0 | Yes (X) | |
| HT BROWN JR | ||||||||
| CHAIRMAN | 8.00 | 6.00 | Yes (X) | $31,050 | $0 | $0 | Yes (X) | |
| ROBERTA HARLOWE | ||||||||
| DIRECTOR | 8.00 | 6.00 | $30,800 | $0 | $0 | Yes (X) | ||
| GEORGE GOIN | ||||||||
| DIRECTOR | 8.00 | 6.00 | $30,050 | $0 | $0 | Yes (X) | ||
| JACE GOODLING | ||||||||
| TREASURER | 8.00 | 6.00 | Yes (X) | $30,050 | $0 | $0 | Yes (X) | |
| R KINCKLE ROBINSON | ||||||||
| DIRECTOR | 8.00 | 6.00 | $29,550 | $0 | $0 | Yes (X) | ||
| HENRY CHILES | ||||||||
| DIRECTOR | 8.00 | 6.00 | $27,800 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,959,580 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $511,849 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 63 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| N & S CONSTRUCTION INC | |||||
| 8601 WESTWOOD CENTER DR | TYSONS CORNER | VA | 22182 | CONSTRUCTION | $5,951,804 |
| CAROLINA POWER AND SIGNALIZATION | |||||
| 1416 MIDDLE RIVER LOOP | FAYETTEVILLE | NC | 28312 | CONSTRUCTION | $3,312,530 |
| PEAK SUBSTATION SERVICES LLC | |||||
| PO BOX 67 | BIRMINGHAM | AL | 35242 | CONSTRUCTION | $2,718,163 |
| STUARTC IRBY CO | |||||
| PO BOX 741001 | ATLANTA | GA | 30339 | CONSTRUCTION | $1,609,260 |
| XYLEM TREE EXPERTS | |||||
| 208 E PLUME TREET STE 250 | NORFOLK | VA | 23510 | R/W TRIMMING | $1,391,452 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALE & DIST. OF ELECT. | 221000 | $104,179,302 | $104,179,302 |
| CONTRIB. IN AID OF CONST. | 221000 | $807,708 | $807,708 |
| PATRONAGE ALLOCATIONS REC | 221000 | $303,855 | $303,855 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $105,290,865 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $295,180 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $150,564 | UnrelatedBusinessRevenueAmt |
| Exclusion | $144,616 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $268,230 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $268,230 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $268,230 | TotalRevenueColumnAmt |
| Exclusion | $268,230 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $169,153 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $15,958 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $153,195 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $153,195 | TotalRevenueColumnAmt |
| Exclusion | $153,195 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| FIBER LEASE INTEREST | 900099 | $7,518,065 | $7,518,065 |
| SUBSIDIARY ANCILLARY SVCS | 900099 | $2,767,584 | $2,767,584 |
| FIBER LEASE REVENUE | 900099 | $34,320 | $34,320 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,712,339 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$1,712,339 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $8,607,630 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $114,615,100 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $103,578,526 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $10,470,533 | UnrelatedBusinessRevenueAmt |
| Exclusion | $566,041 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,072,090 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,029,142 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,015,927 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,402,762 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$123,193 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,243,739 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,478 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,331,549 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $319,097 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,356,500 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,072,984 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $65,979,616 |
| DISTRIBUTION - MAINT | $5,174,542 |
| DISTRIBUTION - OPERATION | $3,568,099 |
| SUBSIDIARY ANCILLARY SVCS | $2,234,964 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$8,955,688 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,878,608 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,544,374 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,730,613 | BOYAmt |
| EOY | $19,946,731 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $9,965,840 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,380,356 | BOYAmt |
| EOY | $7,104,167 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,926,640 | BOYAmt |
| EOY | $7,803,109 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $338,479,645 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $90,540,589 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $242,055,197 | BOYAmt |
| EOY | $247,939,056 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,225,214 | BOYAmt |
| EOY | $3,507,182 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,469,591 | BOYAmt |
| EOY | $158,142,813 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $421,331,985 | BOYAmt |
| EOY | $454,408,898 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,084,429 | BOYAmt |
| EOY | $11,850,116 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $321,972,901 | BOYAmt |
| EOY | $352,315,576 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,249,314 | BOYAmt |
| EOY | $8,462,771 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $341,306,644 | BOYAmt |
| EOY | $372,628,463 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,025,341 | BOYAmt |
| EOY | $81,780,435 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,025,341 | BOYAmt |
| EOY | $81,780,435 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $421,331,985 | BOYAmt |
| EOY | $454,408,898 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$263,508 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $2,018,602 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $338,479,645 | OtherCostOrOtherBasisAmt |
| Depreciation | $90,540,589 | DepreciationAmt |
| Book Value | $247,939,056 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $247,939,056 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| NET FIBER LEASE RECEIVABLE | $157,148,106 |
| INSURANCE POLICY | $994,707 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $158,142,813 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| INVESTMENT IN SUBSIDIARY | $4,879,032 |
| DEFERRED CREDITS | $1,541,166 |
| CONSUMER DEPOSITS | $1,316,223 |
| OVER DRAFT | $430,582 |
| ACCRUED POSTRETIREMENT BENEFIT COST | $295,768 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $8,462,771 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 3, PART X | FormAndLineReferenceDesc |
| Explanation | THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION TOPIC 740. THE COOPERATIVE HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| GARY E WOOD | ||||||
| PRESIDENT & CEO | $531,149 | $80,192 | $122,144 | $61,405 | $18,798 | $813,688 |
| CHARLES MAURHOFF | ||||||
| COO | $319,993 | $52,852 | $47,421 | $55,403 | $18,798 | $494,467 |
| TINA M MALLIA | ||||||
| CFO | $312,218 | $52,782 | $12,059 | $52,430 | $18,798 | $448,287 |
| MELISSA GAY | ||||||
| MEMBER SVCS MANAGER | $217,995 | $22,195 | $30,748 | $39,633 | $18,798 | $329,369 |
| MATTHEW WOOD | ||||||
| INFO TECH MGR | $200,395 | $22,148 | $16,116 | $36,508 | $18,798 | $293,965 |
| LYNNE BEARDSLEY | ||||||
| HR MANAGER | $202,776 | $21,921 | $5,464 | $36,868 | $18,798 | $285,827 |
| JASON PALMER | ||||||
| OPERATIONS MANAGER | $202,859 | $22,522 | -$6,622 | $36,585 | $18,798 | $274,142 |
| CHARLES WARD | ||||||
| ENG SVCS MANAGER | $188,150 | $5,721 | $3,682 | $42,633 | $18,798 | $258,984 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 | FORM 990 PART IX LINE 4 - BENEFITS PAID TO MEMBERS PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE- EXISTING OBLIGATION IN CENTRAL VA ELECTRIC 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. 990 PART IX LINE 17 TRAVEL EXPENSE TRAVEL COSTS INCLUDES THE EXPENSES OF PURCHASING, LEASING, OPERATING, AND REPAIRING ANY VEHICLES OWNED BY THE CORPORATION AND USED IN THE CORPORATION'S ACTIVITIES. TRAVEL COSTS ALSO INCLUDE TRANSPORTATION COSTS, MEALS AND LODGING, AND PER DIEM PAYMENTS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | CENTRAL VIRGINIA ELECTRIC COOPERATIVE IS AN ELECTRIC COOPERATIVE THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE MEMBERS ELECT THE BOARD OF DIRECTORS, WHICH IS THE GOVERNING BODY OF THE COOPERATIVE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE. EACH MEMBER RECEIVES ONE VOTE. THE BOARD HAS MONTHLY MEETINGS AND AN ANNUAL MEETING THAT IS OPEN TO THE ENTIRE MEMBERSHIP. |
| FORM 990, PAGE 6, PART VI, LINE 7B | CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED FOR IN THE COOPERATIVE BYLAWS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE COOPERATIVE'S LEGAL COUNSEL ANNUALLY REVIEWS THE CONFLICT OF INTEREST COMPLIANCE AND ENFORCEMENT WITH THE GOVERNING BOARD. IN ADDITION, EACH DIRECTOR MUST ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE COOPERATIVE'S LEGAL COUNSEL ANNUALLY REVIEWS THE CONFLICT OF INTEREST COMPLIANCE AND ENFORCEMENT WITH THE GOVERNING BOARD. IN ADDITION, EACH DIRECTOR MUST ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE GOVERNING BOARD HAS A COMPENSATION COMMITTEE THAT REVIEWS THE CEO'S PERFORMANCE ANNUALLY AND RECOMMENDS SALARY CHANGES TO THE BOARD. AS PART OF THIS REVIEW, THE COMMITTEE CONSIDERS SALARY DATA NATIONALLY AS WELL AS OTHER STATEWIDE COMPARISON DATA FROM ELECTRIC COOPERATIVES THROUGHOUT THE STATE. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE GOVERNING BOARD HAS A COMPENSATION COMMITTEE THAT REVIEWS THE CEO'S PERFORMANCE ANNUALLY AND RECOMMENDS SALARY CHANGES TO THE BOARD. AS PART OF THIS REVIEW, THE COMMITTEE CONSIDERS SALARY DATA NATIONALLY AS WELL AS OTHER STATEWIDE COMPARISON DATA FROM ELECTRIC COOPERATIVES THROUGHOUT THE STATE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | FINANCIAL DATA IS PROVIDED TO THE MEMBERSHIP AT THE ANNUAL REGULARLY SCHEDULED MEMBERSHIP MEETING. FINANCIAL DATA IS ALSO PROVIDED IN THE MEMBER NEWSLETTER THAT GIVES THE NOTICE OF THE ANNUAL MEETING. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | PATRONAGE DIV PAID TO MEMBERS- NOT EXP PER GAAP 2,072,090 NON-CASH PATRONAGE ALLOCATIONS NOT REV PER IRS 339,871 OTHER COMPREHENSIVE INCOME 615,914 CONTRIBUTIONS IN AID OF CONST NOT REV PER GAAP -807,708 NET RETIREMENT OF CAPITAL CREDITS PAID -201,565 TOTAL 2,018,602 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CENTRAL VIRGINIA SERVICES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 247 | AddressLine1Txt |
| City | LOVINGSTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22949 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541814019 | EIN |
| Primary Activities | INTERNET | PrimaryActivitiesTxt |
| Legal Domicile State | VA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | C CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C CORP | EntityTypeTxt |
| Share Of Total Income | -$1,715,139 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $226,827,525 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (true) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (true) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (true) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (6 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| CENTRAL VIRGINIA SERVICES INC | ||
| P | $2,767,584 | COST |
| CENTRAL VIRGINIA SERVICES INC | ||
| D | $9,965,840 | COST |
| CENTRAL VIRGINIA SERVICES INC | ||
| A | $150,564 | COST |
| CENTRAL VIRGINIA SERVICES INC | ||
| J | $7,518,065 | COST |
| CENTRAL VIRGINIA SERVICES INC | ||
| J | $34,320 | COST |
| CENTRAL VIRGINIA SERVICES INC | ||
| K | $28,438,438 | COST |