2024-11-08T11:31:37-05:00 2023-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2023-01-01 540183175 CRAIG-BOTETOURT ELECTRIC COOPERATIVE CRAI 5408645121 PO BOX 265 NEW CASTLE VA 24127 JEFF M AHEARN CEO 5408645121 2024-10-29 true true G STEVEN GILLIAM CPA P00348264 8043231313 2024-10-29 2023 2024-10-15 13:58:12Z JEFF M AHEARN PO BOX 265 NEW CASTLE VA 24127 17148265 false X WWW.CBEC.COOP X 1936 VA SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. 6 6 31 126288 0 15120236 16440550 57004 81355 548476 596215 15725716 17118120 0 133512 318925 2575483 2589924 0 0 12597064 12178846 15306059 15087695 419657 2030425 41328881 42885957 27759848 28503093 13569033 14382864 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. false false SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER: 7,679,185 DEPRECIATION: 1,806,500 SALARIES & WAGES: 1,709,771 false false false false false false false false false true false false false true true false false false false false false false false false false false false false true false false false false false false false false false false false true false false true 18 0 true 31 true true true false false false false 14698834 1987855 false false false X 6 6 false false false false true true true true true false false true true true true true true true false false X CRAIG-BOTETOURT ELECTRIC COOP 5408645121 P O BOX 265 NEW CASTLE VA 24127 JEFF M AHEARN CEO 40.00 X 171453 0 57964 TIM KACZMARSKI DIRECTOR OF 40.00 X 103135 0 40978 JOSH OUELLETTE LINE FOREMAN 40.00 X 105397 0 24150 JC WINSTEAD ASST SECRETA 4.33 X X 7600 0 0 JAMES E HUFFMAN PRESIDENT 8.37 X X 7400 0 0 FRANK R GARMAN JR DIRECTOR 3.69 X 7200 0 0 EVERETTE J HARLOW SECRETARY/TR 2.58 X X 6600 0 0 PATRICK J RYAN VICE PRESIDE 3.14 X X 6400 0 0 TRAVIS SHREWSBURY DIRECTOR 2.18 X 5800 0 0 420985 123092 3 false true false FUJISTU PO BOX 841089 DALLAS TX 752841089 FIBER PROJECT 2323146 ASPLUNDH PO BOX 532729 ATLANTA GA 303532729 CLEARING 907670 DAVIS H ELLIOT PO BOX 37251 BALTIMORE MD 219273251 ELEC MAINT 795272 NISC 1 INNOVATION CIRCLE LAKE SAINT LOUIS MO 63367 SERV. PROVIDER 396104 MERIDIAN 100 ASHFORD CENTERN STE 500 ATLANTA GA 30338 SERV. PROVIDER 167041 5 ELECTRICITY TO MEMBERS 221000 14698834 14698834 CIAC 221000 1720653 1720653 PATRONAGE ALLOCATIONS 221000 21063 21063 16440550 73300 73300 334351 334351 334351 334351 38200 30145 8055 8055 8055 EQUITY (LOSS) FROM SUBSIDIARY 221000 127225 127225 LEASE INCOME 221000 126288 126288 OTHER INCOME 8351 8351 261864 17118120 16576126 126288 415706 X 318925 414530 1709771 306873 158750 26241 35856 6232 865692 1806500 COST OF POWER 7679185 DISTRIBUTION MAINTENANCE 1373356 ADMINISTRATIVE AND GENERA 738714 DISTRIBUTION OPERATION 343587 -696517 15087695 0 0 0 1265700 389236 47377 635350 2181494 1883388 787795 789856 217128 322200 54626183 16509652 36120242 38116531 7314 702124 735571 7021 6511 41328881 42885957 2282204 2055661 24894294 25933162 583350 514270 27759848 28503093 X 13569033 14382864 13569033 14382864 41328881 42885957 X 2030425 -1216594 X false true X false false 141804 141804 54484379 16509652 37974727 38116531 FINANCE LEASE 194681 CONSUMER DEPOSITS 177557 DEFERRED CREDITS 142032 514270 X SCHEDULE D, PAGE 3, PART X THE CORPORATION FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE CORPORATION HAS DETERMNED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. X X X false false false JEFF M AHEARN CEO 171453 49629 8335 229417 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 CRAIG-BOTETOURT 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. 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, PAGE 6, PART VI, LINE 6 CRAIG-BOTETOURT ELECTRIC IS AN ELECTRIC DISTRIBUTION SYSTEM. EACH PROSPECTIVE CONSUMER/MEMBER REQUESTING ELECTRIC SERVICE SHALL SIGN THE COOPERATIVE'S APPLICATION FOR MEMBERSHIP AND SUPPLY THE COOPERATIVE WITH SUCH CREDIT REFERENCES AS MAY BE REQUESTED. THERE IS A MEMBERSHIP FEE OF 5.00. FORM 990, PAGE 6, PART VI, LINE 7A EACH CONSUMER/MEMBER IS AFFORDED ONE VOTE ANNUALLY IN THE ELECTION OF SPECIFIED BOARD SEAT. FORM 990, PAGE 6, PART VI, LINE 7B IN ACCORDANCE WITH THE COOPERATIVE'S BYLAWS, THE DECISION TO DISSOLVE THE COOPERATIVE WOULD BE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B AFTER THERE HAS BEEN SUFFICIENT TIME FOR THE BOARD MEMBERS TO REVIEW THE 990, THE CPA FIRM THAT PREPARED THE RETURN IS AVAILABLE AS NECESSARY TO DISCUSS THE FORM 990 AND ANWSER ANY QUESTIONS. FORM 990, PAGE 6, PART VI, LINE 12C ALL BOARD MEMBERS AND MANAGEMENT ARE REQUIRED TO SIGN A STATEMENT REVEALING ANY CONFLICT OF INTEREST OR THE ABSENCE THEREOF. THE STATEMENTS WILL BE SIGNED ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE COOPERATIVE FOCUSES ON COMPARABLE ELECTRIC COOPERATIVES IN THE NATION, REGION, AND STATE TO BENCHMARK CEO COMPENSATION. SALARY INFORMATION FROM SEVERAL COMPENSATION SURVEYS MAY BE USED. IN ADDITION, THE BOARD MAY ENGAGE AN INDEPENDENT QUALIFIED PROFESSIONAL CONSULTANT TO RECOMMEND COMPENSATION OR LEVELS (RANGE), AND DOCUMENT AND FOLLOW THOSE RECOMMENDATIONS. COMPENSATION WILL BE BASED ON AN ANALYSIS OF CONSULTANT RECOMMENDATIONS AND COMPARISON OF COMPENSATION RECEIVED BY EXECUTIVES AT COMPARABLE ORGANIZATIONS THAT ARE REASONABLE WITH RESPECT TO THE ORGANIZATION'S REVENUES, ASSETS, AND COMPLEXITY. FINALLY, EXECUTIVE COMPENSATION WILL BE TIED TO THE ACCOMPLISHMENT OF ORGANIZATIONAL AND EXECUTIVE PERFORMANCE GOALS. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS AVAILABLE ON THE COOPERATIVE'S WEBSITE. THE FINANCIAL STATEMENTS ARE PUBLISHED IN COOPERATIVE LIVING. THE COOPERATIVE'S CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO MEMBERS UPON INDIVIDUAL REQUEST. THESE ITEMS MENTIONED ABOVE ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC WITH THE FILING OF IRS FORM 990 AND THE REQUIRED FILINGS WITH RURAL UTILITIES SERVICES IN WASHINGTON, D.C. FORM 990, PART XI, LINE 9 DONATED CAPITAL 760,082 NONCASH PAT CAPITAL ALLOC NOT REV PER IRS 33,447 PATRONAGE DIV PAID TO MEMBERS NOT EXP PER GAAP 318,925 CIAC NOT REVENUE PER GAAP -1,720,653 NET DECREASES IN MEMBERSHIPS -245 NET RETIREMENT OF CAPITAL CREDITS -608,150 TOTAL -1,216,594 CRAIG BOTETOURT ENERGY AND HOME SERVICES LLC PO BOX 265 NEW CASTLE VA 24127 841757025 INTERNET VA N/A true true false false false false false false false false false false false false false false false true false true CRAIG-BOTETOURT HOME SERVICES A 126288 COST CRAIG-BOTETOURT HOME SERVICES S 144480 COST