VOLUNTEER ENERGY COOPERATIVE: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- VOLUNTEER ENERGY COOPERATIVE (EIN 62-0395590)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2024-11-01
- IRS object ID
- 202433069349302608
- 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 | 2024-11-01T16:17:04-04:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 620808829 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINNETT ASSOCIATES PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 745 | AddressLine1Txt |
| City | SHELBYVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 371620745 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620395590 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VOLUNTEER ENERGY COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VOLU | BusinessNameControlTxt |
| Phone | 4233341020 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 277 | AddressLine1Txt |
| City | DECATUR | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37322 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DION COOPER | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 4233341020 | PhoneNum |
| Signature | 2024-10-17 | 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 | PATRICK R LILE | PreparerPersonNm |
| PTIN | P01067422 | PTIN |
| Phone | 9316847142 | PhoneNum |
| Preparation | 2024-10-21 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| 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 | DION COOPER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 277 | AddressLine1Txt |
| City | DECATUR | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37322 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $292,570,185 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.VEC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1935 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 127,369 CUSTOMERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 190 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $287,508,193 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $275,744,932 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,263,989 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,724,157 | CYInvestmentIncomeAmt |
| PY Other Revenue | $4,303,442 | PYOtherRevenueAmt |
| CY Other Revenue | $4,655,629 | CYOtherRevenueAmt |
| PY Total Revenue | $298,075,624 | PYTotalRevenueAmt |
| CY Total Revenue | $282,124,718 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,818,774 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $13,565,827 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $274,232,558 | PYOtherExpensesAmt |
| CY Other Expenses | $265,378,986 | CYOtherExpensesAmt |
| PY Total Expenses | $287,051,332 | PYTotalExpensesAmt |
| CY Total Expenses | $278,944,813 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,024,292 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,179,905 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $375,821,618 | TotalAssetsBOYAmt |
| Total Assets EOY | $386,525,774 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $60,140,425 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $81,814,971 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $315,681,193 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $304,710,803 | NetAssetsOrFundBalancesEOYAmt |
| Mission | NONE | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 127,369 CUSTOMERS. | 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 | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | 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 | 113 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 190 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| 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 | $275,744,931 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,724,159 | 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 | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | 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 | false | 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 |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK VERSTYNEN | PersonNm |
| Phone | 4233341020 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18359 HWY 58 NORTH | AddressLine1Txt |
| City | DECATUR | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37322 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| AUBIE SMITH | |||||||||
| CHAIRMAN | 10.00 | 0.50 | Yes (X) | Yes (X) | $18,394 | $0 | $0 | ||
| WILLIAM J CAMPBELL | |||||||||
| VICE-CHAIRMA | 10.00 | 2.00 | Yes (X) | Yes (X) | $14,824 | $0 | $0 | ||
| SAMMY NORTON | |||||||||
| SECRETARY/TR | 10.00 | 2.00 | Yes (X) | Yes (X) | $16,024 | $0 | $0 | ||
| TIM HANDLER | |||||||||
| ASST SEC/TRE | 10.00 | Yes (X) | Yes (X) | $13,924 | $0 | $0 | |||
| DAVID J MILEN | |||||||||
| DIRECTOR | 10.00 | 0.50 | Yes (X) | $11,524 | $0 | $0 | |||
| MIKE FRAZIER | |||||||||
| DIRECTOR | 10.00 | Yes (X) | $15,124 | $0 | $0 | ||||
| JERRY HENLEY | |||||||||
| DIRECTOR | 4.00 | Yes (X) | $16,924 | $0 | $0 | ||||
| JOHN BUCHANAN | |||||||||
| DIRECTOR | 4.00 | Yes (X) | $18,052 | $0 | $0 | ||||
| KENNETH CAREY JR | |||||||||
| DIRECTOR | 5.00 | Yes (X) | $17,752 | $0 | $0 | ||||
| LARRY STORIE | |||||||||
| DIRECTOR | 10.00 | Yes (X) | $15,724 | $0 | $0 | ||||
| KEITH PHILLIPS | |||||||||
| DIRECTOR | 6.00 | 6.00 | Yes (X) | $14,152 | $0 | $0 | |||
| PHILIP SMITH | |||||||||
| DIRECTOR | 6.00 | Yes (X) | $17,824 | $0 | $0 | ||||
| DION COOPER | |||||||||
| PRESIDENT/CE | 60.00 | 0.50 | Yes (X) | $370,559 | $0 | $46,594 | |||
| MARK VERSTYNEN | |||||||||
| VP ACCOUNTIN | 50.00 | 1.00 | Yes (X) | $161,972 | $0 | $56,718 | |||
| MATTHEW TEAGUE | |||||||||
| VP OF ENGINE | 50.00 | $171,726 | $0 | $45,351 | Yes (X) | ||||
| KAREN DAVIS | |||||||||
| VP OF INFO. | 45.00 | $158,446 | $0 | $79,088 | Yes (X) | ||||
| DANIEL TUTTLE | |||||||||
| LINEMAN | 61.77 | $158,731 | $0 | $16,637 | Yes (X) | ||||
| DUSTIN BATES | |||||||||
| LINEMAN | 62.37 | $180,911 | $0 | $24,275 | Yes (X) | ||||
| MICHAEL BICE | |||||||||
| LINEMAN | 65.94 | $187,910 | $0 | $23,771 | Yes (X) | ||||
| MARK KENNEDY | |||||||||
| LINEMAN | 62.36 | $168,189 | $0 | $39,227 | Yes (X) | ||||
| JOSHUA HOWARD | |||||||||
| LINEMAN | 60.93 | $161,657 | $0 | $18,504 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,910,343 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $350,165 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 80 | 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 |
|---|---|---|---|---|---|
| SERVICE ELECTRIC COMPANY | |||||
| PO BOX 277790 | ATLANTA | GA | 30384 | LINE CONSTRUCTI | $7,108,399 |
| WAKENDALL AND COMPANY LLC | |||||
| 2736 MEADOW CHURCH RD SUITE 200 | DULUTH | GA | 30097 | ROW TRIMMING | $5,985,059 |
| MPS LLC | |||||
| PO BOX 3178 | CLEVELAND | TN | 37320 | LINE CONSTRUCTI | $3,650,306 |
| T COM LLC | |||||
| PO BOX 567 | PORTLAND | TN | 37148 | FIBER CONSTRUCT | $2,716,643 |
| GALLOWAY CONSTRUCTION LLC | |||||
| PO BOX 69 | SUNBRIGHT | TN | 37872 | ROW TRIMMING | $2,393,210 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 21 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALE OF ELECTRIC ENERGY | 221000 | $275,491,521 | $275,491,521 |
| NATURAL GAS SALES | 221000 | $126,764 | $126,764 |
| MISCELLANEOUS PROGRAM SERVICE | 221000 | $126,647 | $126,647 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $275,744,932 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,318,613 | TotalRevenueColumnAmt |
| Exclusion | $1,318,613 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $4,655,629 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $4,655,629 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,655,629 | TotalRevenueColumnAmt |
| Exclusion | $4,655,629 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,643,833 | SecuritiesAmt |
| Other | $207,178 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,445,467 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $198,366 | SecuritiesAmt |
| Other | $207,178 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $405,544 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $207,178 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $198,366 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $282,124,718 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $275,952,110 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $6,172,608 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,141,876 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,770,621 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $738,963 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $914,367 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,216 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,869 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,961 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,910 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,255,458 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,192,910 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $227,228 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,164,447 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $781,420 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $215,881,932 |
| DISTRIBUTION EXPENSE | $15,187,523 |
| ADMINISTRATIVE AND GENERA | $5,709,797 |
| CUSTOMER ACCOUNTS EXPENSE | $2,102,820 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $550,495 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $278,944,813 | 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 | $25,095,926 | BOYAmt |
| EOY | $10,271,397 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,878,583 | BOYAmt |
| EOY | $26,461,282 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,901,587 | BOYAmt |
| EOY | $26,906,856 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,898,662 | BOYAmt |
| EOY | $6,131,622 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,099,597 | BOYAmt |
| EOY | $13,166,100 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $890,367 | BOYAmt |
| EOY | $901,239 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $608,768,497 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $309,434,375 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $275,297,799 | BOYAmt |
| EOY | $299,334,122 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,598,803 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,160,294 | BOYAmt |
| EOY | $3,353,156 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $375,821,618 | BOYAmt |
| EOY | $386,525,774 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,038,541 | BOYAmt |
| EOY | $62,505,123 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,916,412 | BOYAmt |
| EOY | $5,176,105 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,185,472 | BOYAmt |
| EOY | $14,133,743 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,140,425 | BOYAmt |
| EOY | $81,814,971 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $488,735 | BOYAmt |
| EOY | $496,530 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $315,192,458 | BOYAmt |
| EOY | $304,214,273 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $315,681,193 | BOYAmt |
| EOY | $304,710,803 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $375,821,618 | BOYAmt |
| EOY | $386,525,774 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,179,905 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$14,150,295 | 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,191,898 | OtherCostOrOtherBasisAmt |
| Book Value | $3,191,898 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $27,599,871 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,429,100 | DepreciationAmt |
| Book Value | $18,170,771 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $564,930,767 | OtherCostOrOtherBasisAmt |
| Depreciation | $300,005,275 | DepreciationAmt |
| Book Value | $264,925,492 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,045,961 | OtherCostOrOtherBasisAmt |
| Book Value | $13,045,961 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $299,334,122 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CUSTOMER DEPOSITS | $8,165,454 |
| ADVANCES FROM TVA | $4,752,068 |
| OTHER CURRENT LIABILITIES | $1,216,221 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $14,133,743 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| 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 (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| DION COOPER | |||||
| PRESIDENT/CEO | $345,462 | $25,097 | $29,250 | $17,344 | $417,153 |
| MARK VERSTYNEN | |||||
| VP ACCOUNTING & FINA | $161,215 | $757 | $39,482 | $17,236 | $218,690 |
| MATTHEW TEAGUE | |||||
| VP OF ENGINEERING | $162,284 | $9,442 | $28,144 | $17,207 | $217,077 |
| KAREN DAVIS | |||||
| VP OF INFO. TECH. | $155,572 | $2,874 | $61,925 | $17,163 | $237,534 |
| DANIEL TUTTLE | |||||
| LINEMAN | $158,599 | $132 | $933 | $15,704 | $175,368 |
| DUSTIN BATES | |||||
| LINEMAN | $180,737 | $174 | $8,571 | $15,704 | $205,186 |
| MICHAEL BICE | |||||
| LINEMAN | $187,802 | $108 | $7,944 | $15,827 | $211,681 |
| MARK KENNEDY | |||||
| LINEMAN | $167,775 | $414 | $23,400 | $15,827 | $207,416 |
| JOSHUA HOWARD | |||||
| LINEMAN | $161,549 | $108 | $2,800 | $15,704 | $180,161 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI | THE COOPERATIVE'S PURCHASING POLICY REQUIRES ALL BIDS FOR EQUIPMENT, MATERIAL, AND CONTRACT LABOR THAT EXCEEDS 25,000 TO BE APPROVED BY THE BOARD OF DIRECTORS. THIS WOULD INCLUDE A MULIT-YEAR CONTRACT THAT EXCEEDS 25,000. |
| FORM 990, PAGE 6, PART VI, LINE 6 | VOLUNTEER ENERGY COOPERATIVE HAS 127,369 MEMBERS TO WHOM IT PROVIDES ELECTRICITY. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE MEMBERS OF VOLUNTEER ENERGY COOPERATIVE ELECT THE BOARD MEMBERS ANNUALLY THROUGH A DEMOCRATIC PROCESS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE INDEPENDENT CPA FIRM THAT PREPARES THE FORM WILL REVIEW THE ORGANIZATION'S FORM 990 WITH THE BOARD OF DIRECTORS BEFORE IT IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. |
| FORM 990, PAGE 6, PART VI, LINE 12C | A CONFLICT OF INTEREST QUESTIONNAIRE FORM IS SENT OUT TO THE BOARD OF DIRECTORS, THE VICE PRESIDENTS, AND THE AREA MANAGERS TO COMPLETE AND SIGN EACH YEAR. ALSO, ANY MAJOR PURCHASES OF 10,000.00 OR MORE MUST BE APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION FOR THE PRESIDENT/CEO ON AN ANNUAL BASIS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION FOR THE OFFICERS OF VEC ON AN ANNUAL BASIS. THE OFFICERS DETERMINE THE COMPENSATION FOR THE REST OF THE STAFF. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE LOCAL OFFICE. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE PRESIDENT/CEO. |
| FORM 990, PART XI, LINE 9 | CY ACTUARIAL LOSS - PENSION -29,090 DIFFERENCE IN ROA - PENSION 1,661,697 CY ACTUARIAL LOSS - OPEB -15,790,697 CHANGE IN MEMBERSHIP 7,795 TOTAL -14,150,295 |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VEC CUSTOMERS SHARE INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 277 | AddressLine1Txt |
| City | DECATUR | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37322 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 621861476 | EIN |
| Primary Activities | CHARITABLE | PrimaryActivitiesTxt |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Exempt Code Section | 501C3 | ExemptCodeSectionTxt |
| Public Charity Status | 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VEC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | 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 | false | 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 | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VEC CUSTOMERS SHARE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | R | TransactionTypeTxt |
| Involved | $330,174 | InvolvedAmt |
| Method Of Amount Determination | VALUE OF CASH TRANSFERRED | MethodOfAmountDeterminationTxt |