2024-10-22T14:45:59-04:00 2023-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2023-01-01 540164798 CENTRAL VIRGINIA ELECTRIC COOPERATIVE CENT 4342638336 PO BOX 247 LOVINGSTON VA 22949 GARY E WOOD PRESIDENT & CEO 4342638336 2024-10-21 true true G STEVEN GILLIAM CPA P00348264 8043231313 2024-10-21 2023 2024-10-15 13:58:12Z GARY E WOOD PO BOX 247 LOVINGSTON VA 22949 114631058 false X X 1937 VA SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF CENTRAL VIRGINIA ELECTRIC COOPERATIVE. 9 9 127 10470533 3094600 1016967 0 110043200 105290865 243586 448375 5375996 8875860 116679749 114615100 0 5790984 2072090 18600976 19568377 0 0 92380447 93238141 116772407 114878608 -92658 -263508 421331985 454408898 341306644 372628463 80025341 81780435 SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF CENTRAL VIRGINIA ELECTRIC COOPERATIVE. false false 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 false false false false false false false false false true false false true 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 54 0 true 127 true true true false false false false 104179302 11895865 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 VA X THE CORPORATION 4342638336 800 COOPERATIVE WAY ARRINGTON VA 22922 GARY E WOOD PRESIDENT & 50.00 20.00 X 733485 0 80203 CHARLES MAURHOFF COO 50.00 20.00 X 420266 0 74201 TINA M MALLIA CFO 50.00 20.00 X 377059 0 71228 MELISSA GAY MEMBER SVCS 40.00 8.00 X 270938 0 58431 MATTHEW WOOD INFO TECH MG 40.00 8.00 X 238659 0 55306 LYNNE BEARDSLEY HR MANAGER 40.00 8.00 X 230161 0 55666 JASON PALMER OPERATIONS M 40.00 8.00 X 218759 0 55383 CHARLES WARD ENG SVCS MAN 40.00 8.00 X 197553 0 61431 GLORIA W VEST DIRECTOR 8.00 6.00 X 31300 0 0 BRIAN BATES SECRETARY 8.00 6.00 X X 31050 0 0 FRANK BABER III VICE-CHAIRMA 8.00 6.00 X X 31050 0 0 HT BROWN JR CHAIRMAN 8.00 6.00 X X 31050 0 0 ROBERTA HARLOWE DIRECTOR 8.00 6.00 X 30800 0 0 GEORGE GOIN DIRECTOR 8.00 6.00 X 30050 0 0 JACE GOODLING TREASURER 8.00 6.00 X X 30050 0 0 R KINCKLE ROBINSON DIRECTOR 8.00 6.00 X 29550 0 0 HENRY CHILES DIRECTOR 8.00 6.00 X 27800 0 0 2959580 511849 63 false true false N & S CONSTRUCTION INC 8601 WESTWOOD CENTER DR TYSONS CORNER VA 22182 CONSTRUCTION 5951804 CAROLINA POWER AND SIGNALIZATION 1416 MIDDLE RIVER LOOP FAYETTEVILLE NC 28312 CONSTRUCTION 3312530 PEAK SUBSTATION SERVICES LLC PO BOX 67 BIRMINGHAM AL 35242 CONSTRUCTION 2718163 STUARTC IRBY CO PO BOX 741001 ATLANTA GA 30339 CONSTRUCTION 1609260 XYLEM TREE EXPERTS 208 E PLUME TREET STE 250 NORFOLK VA 23510 R/W TRIMMING 1391452 15 SALE & DIST. OF ELECT. 221000 104179302 104179302 CONTRIB. IN AID OF CONST. 221000 807708 807708 PATRONAGE ALLOCATIONS REC 221000 303855 303855 105290865 295180 150564 144616 268230 268230 268230 268230 169153 15958 153195 153195 153195 FIBER LEASE INTEREST 900099 7518065 7518065 SUBSIDIARY ANCILLARY SVCS 900099 2767584 2767584 FIBER LEASE REVENUE 900099 34320 34320 -1712339 -1712339 8607630 114615100 103578526 10470533 566041 X 2072090 2029142 14015927 2402762 -123193 1243739 156478 4331549 319097 11356500 9072984 COST OF POWER 65979616 DISTRIBUTION - MAINT 5174542 DISTRIBUTION - OPERATION 3568099 SUBSIDIARY ANCILLARY SVCS 2234964 -8955688 114878608 0 0 0 1544374 21730613 19946731 9965840 6380356 7104167 14926640 7803109 338479645 90540589 242055197 247939056 3225214 3507182 131469591 158142813 421331985 454408898 13084429 11850116 321972901 352315576 6249314 8462771 341306644 372628463 X 80025341 81780435 80025341 81780435 421331985 454408898 X -263508 2018602 X false true X true true true 338479645 90540589 247939056 247939056 NET FIBER LEASE RECEIVABLE 157148106 INSURANCE POLICY 994707 158142813 INVESTMENT IN SUBSIDIARY 4879032 DEFERRED CREDITS 1541166 CONSUMER DEPOSITS 1316223 OVER DRAFT 430582 ACCRUED POSTRETIREMENT BENEFIT COST 295768 8462771 X SCHEDULE D, PAGE 3, PART X 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. X X X X X false false false GARY E WOOD PRESIDENT & CEO 531149 80192 122144 61405 18798 813688 CHARLES MAURHOFF COO 319993 52852 47421 55403 18798 494467 TINA M MALLIA CFO 312218 52782 12059 52430 18798 448287 MELISSA GAY MEMBER SVCS MANAGER 217995 22195 30748 39633 18798 329369 MATTHEW WOOD INFO TECH MGR 200395 22148 16116 36508 18798 293965 LYNNE BEARDSLEY HR MANAGER 202776 21921 5464 36868 18798 285827 JASON PALMER OPERATIONS MANAGER 202859 22522 -6622 36585 18798 274142 CHARLES WARD ENG SVCS MANAGER 188150 5721 3682 42633 18798 258984 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 CENTRAL VIRGINIA SERVICES INC PO BOX 247 LOVINGSTON VA 22949 541814019 INTERNET VA C CORP C CORP -1715139 226827525 1.00000 true true false false false true false false false false true true false false false false true false false false CENTRAL VIRGINIA SERVICES INC P 2767584 COST CENTRAL VIRGINIA SERVICES INC D 9965840 COST CENTRAL VIRGINIA SERVICES INC A 150564 COST CENTRAL VIRGINIA SERVICES INC J 7518065 COST CENTRAL VIRGINIA SERVICES INC J 34320 COST CENTRAL VIRGINIA SERVICES INC K 28438438 COST