2022-11-14T15:21:24-05:00 2021-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2021-01-01 540377465 SHENANDOAH VALLEY ELECTRIC COOPERATIVE SHEN 5404342200 180 OAKWOOD DR ROCKINGHAM VA 22801 GREGORY S ROGERS PRESIDENT & CEO 5404342200 2022-10-31 true GREG ROGERS 999009999 G STEVEN GILLIAM CPA P00348264 8043231313 2022-11-14 2021 2022-09-23 18:48:47Z GREGORY S ROGERS 180 OAKWOOD DR ROCKINGHAM VA 22801 241116362 false X WWW.SVEC.COOP X 1936 VA SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF SVEC 10 10 259 300793 299793 3967000 235049195 235245414 1214602 215203 1079327 1323629 237343124 240751246 0 9575812 11949892 26785419 26624650 0 0 199258015 196695748 235619246 235270290 1723878 5480956 538257474 571380010 344661038 367363094 193596436 204016916 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF SVEC false false SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF SVEC. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 151,185,803 DEPRECIATION EXPENSE 21,276,450 OTHER SALARIES AND WAGES 21,103,353 false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 50 0 true 259 true true true false false false false 229697785 6428741 false false false X 10 10 false false false false true true true true true false false true true true true true true true true false X SHENANDOAH VALLEY ELECTRIC COOP 5404342200 180 OAKWOOD DR ROCKINGHAM VA 22801 X GREGORY S ROGERS PRESIDENT & 60.00 X 459072 0 92461 JONATHAN M AULGUR ASST SEC/TRE 50.00 X 254620 0 41687 WAYNE D HANNAH JR VP & CIO 55.00 X 209534 0 62183 TONY DEAN VP OPERATION 40.00 X 164328 0 54097 MICHAEL ALEXANDER LEAD LINEMAN 40.00 X 159987 0 52489 JASON E BURCH VP ENGINEERI 50.00 X 169433 0 40160 BENJAMIN CASH MGR DISTRICT 55.00 X 146565 0 32934 CA HELSLEY CHAIR 5.69 X X 27100 0 0 STEPHEN BURKHOLDER DIRECTOR 4.21 X 19375 0 0 BILL ORNDOFF VICE CHAIR 4.58 X X 18250 0 0 JR DOFFLEMYER SECRETARY/TR 3.96 X X 18095 0 0 BRIAN PLUM DIRECTOR 3.82 X 17465 0 0 SUZANNE OBENSHAIN DIRECTOR 4.99 X 16310 0 0 LARRY C HOWDYSHELL DIRECTOR 6.75 X 15910 0 0 ROBBIE F MARCHANT DIRECTOR 6.49 X 14975 0 0 BRENT ARBOGAST DIRECTOR 1.98 X 14300 0 0 TODD VAN HORN DIRECTOR 5.48 X 14060 0 0 1739379 376011 74 false true false XYLEM TREE EXPERTS 208 E PLUME ST SUITE 250 NORFOLK VA 23510 TREE TRIMMING 5575797 DAVIS H ELLIOTT CO PO BOX 37251 BALTIMORE MD 21297 R/W CONSTR 4225175 CW WRIGHT 11500 IRONBRIDGE RD CHESTER VA 23831 WORK ORDERS 1864630 WEED CONTROL 800 CABIN HILL DRIVE GREENSBURG PA 15601 R/W SPRAYING 1447842 AUGUSTA UTILITIES LLC PO BOX 8 VERONA VA 24482 LINE INSTALL 1156719 14 3967000 3967000 SALE AND DIST. OF ELECT. 221000 229697785 229697785 CONTRIB IN AID OF CONSTRUCT 221000 5423779 5423779 PATRONAGE ALLOC RECEIVED 221000 123850 123850 235245414 251402 251402 1371327 47698 1323629 1323629 300793 1022836 281219 317418 -36199 -36199 -36199 240751246 235245414 300793 1238039 X 11949892 1023680 21103353 2752252 1745365 747993 3149228 81867 10538601 21276450 COST OF POWER 151185803 DISTRIBUTION MAINTENANCE 10450913 DISTRIBUTION OPERATION 5308910 ADMIN & GENERAL 4356606 -10400623 235270290 0 0 0 32232155 11749812 2683 45803175 33245479 30467489 7743708 7537117 2728048 2011980 627792077 218777669 400436461 409014408 61035685 63910263 833255 885766 538257474 571380010 17240814 16832038 313654711 336727671 13765513 13803385 344661038 367363094 X 193596436 204016916 193596436 204016916 538257474 571380010 X 5480956 4939524 X false true X true false 627792077 218777669 409014408 409014408 PATRONAGE CAPITAL ALLOCATIONS 62391418 C CAPITAL TERM CERTIFICATES 1481500 C BUILDING 36320 C MEMBERSHIP FEES 1025 C 63910263 DEFERRED CREDITS 6523342 CONSUMER DEPOSITS 5217757 OTHER CURRENT LIABILITIES 2062286 13803385 X 239505832 4178365 4178365 235327467 5423779 5423779 240751246 223368096 47698 47698 223320398 11949892 11949892 235270290 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE HAS BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAXATION UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)(12). THE COOPERATIVE EVALUATES THE FILING POSITIONS IN ALL FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, INCLUDING ITS STATUS AS A TAX- EXEMPT ELECTRIC COOPERATIVE ENTITY. THE COOPERATIVE BELIEVES ITS TREATMENT AS A TAX-EXEMPT UTILITY WILL BE SUSTAINED AND DOES NOT ANTICIPATE ANY ADJUSTMENT THAT WILL RESULT IN A MATERIAL CHANGE TO ITS FINANCIAL POSITION. THE COOPERATIVE IS NOT CURRENTLY UNDER AUDIT BY ANY TAX JURISDICTION. SCHEDULE D, PAGE 4, PART XI, LINE 2D CASH PATRONAGE RECEIVED 4,125,026 TOWER EXPENSES NETTED IN REVENUE 47,698 UNREALIZED GAIN 5,641 SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTRIBUTIONS IN AID OF CONSTRUCTION 5,423,779 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES NETTED AGAINST REVENUE 47,698 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CREDITED TO MEMBER ACCOUNTS 11,949,892 X true true X X X X X false true false GREGORY S ROGERS PRESIDENT & CEO 324572 134500 77500 14961 551533 JONATHAN M AULGUR ASST SEC/TREAS 252120 2500 37248 4439 296307 WAYNE D HANNAH JR VP & CIO 207034 2500 47571 14612 271717 TONY DEAN VP OPERATIONS 161828 2500 43423 10674 218425 MICHAEL ALEXANDER LEAD LINEMAN 157487 2500 43182 9307 212476 JASON E BURCH VP ENGINEERING 166933 2500 26049 14111 209593 BENJAMIN CASH MGR DISTRICT OPS 144065 2500 28151 4783 179499 SCHEDULE J, PAGE 1, PART I, LINE 4 GREGORY S. ROGERS 0 19,500 0 SCHEDULE J, PART III CERTAIN INDIVIDUALS PARTICIPATE IN A NONQUALIFIED EXECUTIVE BENEFIT RESTORATION PLAN (EBR)UNDER CODE SECTION 457(B), AS A RESULT OF HAVING BENEFITS UNDER THE QUALIFIED 401(K) PLAN RESTRICTED BECAUSE OF MAXIMUM LIMITS ON BENEFITS THAT MAY BE PROVIDED UNDER THE QUALIFIED 401(K) PLAN. FORM 990 FORM 990, PART IX, LINE 4 PATRONAGE DIVIDENDS ARE PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN THE COOPERATIVE'S BYLAWS. 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 INCLUDED IN LINE 4 OF PART IX. FORM 990 PART IX LINE 17 REPRESENTS ALL TRANSPORTATION EXPENSES INCLUDING MILEAGE, GAS, AND THE MAINTENANCE COSTS OF ALL VEHICLES OWNED BY THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 6 SHENANDOAH VALLEY ELECTRIC COOPERATIVE IS AN ELECTRIC MEMBERSHIP COOPERATIVE THAT DELIVERS ELECTRICITY TO THE MEMBERS OF SVEC. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE THROUGH DEMOCRATICALLY CONTESTED ELECTIONS. THE BOARD HAS REGULAR 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 REQUIRED BY STATE LAW AND THE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT AND CEO OR A DESIGNEE WILL REVIEW THE 990 WITH THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. 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. FORM 990, PAGE 6, PART VI, LINE 15A THE GOVERNING BOARD'S COMPENSATION AND BENEFITS COMMITTEE DOES AN ANNUAL REVIEW OF THE CEO'S COMPENSATION AND BENEFITS. THIS IS DONE AFTER A THIRD PARTY REVIEW AND RECOMMENDATION. FORM 990, PAGE 6, PART VI, LINE 15B THE GOVERNING BOARD'S COMPENSATION AND BENEFITS COMMITTEE DOES AN ANNUAL REVIEW OF OFFICERS- AND KEY EMPLOYEES' COMPENSATION AND BENEFITS. THIS IS DONE AFTER A THIRD PARTY REVIEW OF THE OVERALL COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, POLICIES, FORM 990 AND FINANCIAL STATEMENTS ARE ALWAYS AVAILABLE UPON REQUEST. BYLAWS, RATES AND TERMS ARE DISCLOSED ON THE COOPERATIVE'S WEBSITE. FINANCIAL INFORMATION IS PRESENTED TO THE MEMBERSHIP EACH YEAR AT THE ANNUAL MEETING. THIS INFORMATION IS ALSO PUBLISHED IN THE COOPERATIVE'S MAGAZINE COOPERATIVE LIVING WITH LINKS AVAILABLE ON THE WEBSITE. FORM 990, PART VII THE COOPERATIVE PARTICIPATED IN THE NRECA GROUP DEFINED PENSION PLAN. AS PART OF THIS PLAN, PARTICIPANTS WERE REQUIRED TO RECOGNIZE THE ACTUARIAL INCREASE IN THE VALUE OF THEIR ACCOUNT ON FORM 990. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE PLAN WAS THE SAME FOR ALL INDIVIDUALS IN THE PLAN. THE CHANGE IN THE ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIED WITH AGE. IN OTHER WORDS, THE OLDER A PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE WITH ALL OTHER THINGS BEING EQUAL. THE RS PLAN IS NOW FROZEN. FORM 990, PART XI, LINE 9 NET INCREASE IN MEMBERSHIPS 3,995 CHANGE IN DONATED CAPITAL 338,227 CASH PATRONAGE RECEIVED 4,125,026 PATRONAGE CAPITAL CREDITED TO MEMBER ACCOUNTS 11,949,892 UNREALIZED GAIN ON 457 PLAN 5,641 RETIREMENT OF CAPITAL CREDITS -6,059,478 CONTRIBUTIONS IN AID OF CONSTRUCTION -5,423,779 TOTAL 4,939,524