2022-10-27T17:25:04-04:00 2022-06-30 620808829 WINNETT ASSOCIATES PLLC PO BOX 745 SHELBYVILLE TN 371620745 990 2021-07-01 620395590 VOLUNTEER ENERGY COOPERATIVE VOLU 4233341020 P O BOX 277 DECATUR TN 37322 PATTY HURLEY INTERIM PRES./CEO 4233341020 2022-10-17 true PATTY HURLEY 999009999 PATRICK R LILE P01067422 9316847142 2022-10-23 X 2021 2022-09-23 18:48:47Z PATTY HURLEY PO BOX 277 DECATUR TN 37233 271497941 false X WWW.VEC.ORG X 1935 TN TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 123,380 CUSTOMERS. 12 12 163 1230984 1054491 0 241040182 265439077 3158887 518561 3737201 4079869 247936270 270037507 0 0 9786271 10672934 0 0 224391321 248384207 234177592 259057141 13758678 10980366 355734071 369462846 68190700 68485075 287543371 300977771 NONE false false TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 123,380 CUSTOMERS. false false false false false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false true true true true false true 84 0 163 true true true false false false false 264208093 1832530 false false false X 12 12 false false false false true true false true true false false true true true true true true true true false X MARK VERSTYNEN 4233341020 18359 HWY 58 NORTH DECATUR TN 37322 RODERICK R BLEVINS PRESIDENT/CE 50.00 1.00 X 350750 0 181279 PAUL KILLIAN WORKING/SUB 57.00 X 156185 0 56095 MARK VERSTYNEN VP ACCOUNTIN 55.00 2.00 X 143025 0 49513 MATTHEW TEAGUE VP OF ENGINE 50.00 0.00 X 142368 0 41124 MARK KENNEDY LINEMAN 62.00 X 143048 0 35027 MICHAEL BICE LINEMAN 62.00 X 143769 0 23624 DUSTIN BATES LINEMAN 67.00 X 143860 0 13631 KENNETH CAREY JR DIRECTOR 6.00 1.00 X 15952 0 0 TIM HANDLER ASST SEC/TRE 10.00 0.00 X X 15352 0 0 MIKE FRAZIER DIRECTOR 5.00 0.00 X 15124 0 0 AUBIE SMITH VICE CHAIRMA 10.00 1.00 X X 14752 0 0 JERRY HENLEY DIRECTOR 6.00 X 14224 0 0 WILLIAM J CAMPBELL DIRECTOR 10.00 2.00 X 13924 0 0 LARRY STORIE CHAIRMAN 15.00 X X 13924 0 0 KEITH PHILLIPS DIRECTOR 7.00 0.50 X 13552 0 0 RANDY BOND DIRECTOR 10.00 0.00 X 13324 0 0 JOHN BUCHANAN DIRECTOR 2.00 0.00 X 13096 0 0 DAVID J MILEN DIRECTOR 10.00 0.00 X 12724 0 0 SAMMY NORTON SECRETARY/TR 4.00 X X 12724 0 0 PATTY HURLEY INTERIM PRES 45.00 2.00 X 0 0 0 1391677 400293 67 false true false WA KENDALL AND COMPANY LLC PO BOX 831 LAWRENCEVILLE GA 30046 TREE TRIMMING 5441414 MPS LLC P O BOX 3178 CLEVELAND TN 37320 LINE CONSTRUCT. 3077225 GALLOWAY CONSTRUCTION LLC P O BOX 69 SUNBRIGHT TN 37872 TREE TRIMMING 1683451 RED STAG CONTRACTORS LLC 358 5TH AVE SOUTH BAXTER TN 38544 FIBER CONSTRUCT 1326139 ADVANCED POWER & LIGHTING LLC PO BOX 532729 ATLANTA GA 30353 FIBER CONSTRUCT 492013 6 SALE OF ELECTRIC ENERGY 221000 263946905 263946905 SALE OF PROPANE GAS 221000 1230984 1230984 NATURAL GAS SALES 221000 134645 134645 MISCELLANEOUS PROGRAM SERVICE 221000 126543 126543 265439077 601546 601546 4079869 4079869 4079869 4079869 1377449 1460434 -82985 -82985 -82985 270037507 264208093 1230984 4598430 880030 8600263 625507 567134 148446 173132 78988 74748 887142 2765944 442003 18909793 659849 COST OF POWER 204042124 DISTRIBUTION EXPENSE 12396216 ADMINISTRATIVE AND GENERA 4360198 CUSTOMER ACCOUNTS EXPENSE 1854172 1591452 259057141 0 0 0 26765535 33268022 22292015 17878173 16271467 20335647 6197168 5890404 10789303 11227589 97591 876046 545875505 278451719 260687629 267423786 9324265 9240250 3309098 3322929 355734071 369462846 43697355 46231226 13836844 9899969 10656501 12353880 68190700 68485075 X 472365 480995 287071006 300496776 287543371 300977771 355734071 369462846 X 10980366 -1246655 3700689 X false true X false false 3085138 3085138 26298974 8354369 17944605 509603882 270097350 239506532 6887511 6887511 267423786 CUSTOMER DEPOSITS 6625189 ADVANCES FROM TVA 4092055 OTHER CURRENT LIABILITIES 1636636 12353880 X X false false false RODERICK R BLEVINS PRESIDENT/CEO 343344 7406 163960 17319 532029 PAUL KILLIAN WORKING/SUB FOREMAN 154373 1812 48648 7447 212280 MARK VERSTYNEN VP ACCOUNTING & FINA 142354 671 32431 17082 192538 MATTHEW TEAGUE VP OF ENGINEERING 137643 4725 24098 17026 183492 MARK KENNEDY LINEMAN 142472 576 19183 15844 178075 MICHAEL BICE LINEMAN 143619 150 7781 15843 167393 DUSTIN BATES LINEMAN 143684 176 13631 157491 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 123,380 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 ACTUARIAL LOSS-RETIREE PENSION PLAN -6,649,779 ACTUARIAL GAIN-RETIREE HEALTH PLAN 1,855,185 AMORT. OF ACTUARIAL LOSS - RETIREE HEALTH PLAN 180,303 AMORT. OF ACTUARIAL LOSS - RETIREE PENSION PLAN 742,090 ASSUMPTION CHANGE - RETIREE PENSION PLAN 7,564,260 MEMBERSHIP FEE CHANGE 8,630 TOTAL 3,700,689 VOLUNTEER ENERGY PROPANE LLC P O BOX 277 DECATUR TN 37322 621794721 PROPANE SA TN 1230984 589470 VEC VEC CUSTOMERS SHARE INC PO BOX 277 DECATUR TN 37322 621861476 CHARITABLE TN 501C3 7 VEC true false false false false false false false false false false false true false true true false false true false VEC CUSTOMERS SHARE INC R 340994 VALUE OF CASH TRANSFERRED