2022-11-15T14:01:13-05:00 2021-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2021-01-01 540130127 BARC ELECTRIC COOPERATIVE BARC 8008462272 PO BOX 264 MILLBORO VA 244600264 COURTNEY PERDUE CFO 8008462272 2022-11-15 true GREGORY COOK XXX-XX-XXXX G STEVEN GILLIAM CPA P00348264 8043231313 2022-11-15 2021 2022-09-23 18:48:47Z COURTNEY PERDUE PO BOX 264 MILLBORO VA 244600264 36100741 false X WWW.BARCELECTRIC.COM X 1938 VA TO PROVIDE SAFE AND RELIABLE POWER TO THE MEMBERS OF BARC ELECTRIC COOPERATIVE LOCATED IN THE COUNTIES OF ALLEGHANY, AUGUSTA, BATH, HIGHLAND, AND ROCKBRIDGE IN THE COMMONWEALTH OF VIRGINIA. 7 7 98 7127862 409500 3329123 23866125 24532629 268893 507249 5050364 7277971 29594882 35646972 0 903218 2506209 6622250 6540047 0 0 20535707 21907913 28061175 30954169 1533707 4692803 118814902 141938050 87078504 107157383 31736398 34780667 TO PROVIDE SAFE AND RELIABLE POWER TO THE MEMBERS OF BARC ELECTRIC COOPERATIVE LOCATED IN THE COUNTIES OF ALLEGHANY, AUGUSTA, BATH, HIGHLAND, AND ROCKBRIDGE IN THE COMMONWEALTH OF VIRGINIA. false false THE THREE LARGEST PROGRAM SERVICES RELATED TO THE COOPERATIVE'S MISSION, AS MEASURED BY EXPENSES, WERE AS FOLLOWS: COST OF POWER 11,153,259 BARCONNECT EXPENSES 4,813,798 OTHER SALARIES AND WAGES 4,522,011 false false false false false false false false false true false true false true false false true false false false false false false false false false false false true false false false false false true false false false false true false false false true 37 0 true 98 true true true false false false false 23541653 3323877 false false false X 7 7 false false false false true true true true true false false false true true true true true true true false X THE ORGANIZATION 8008462272 PO BOX 264 MILLBORO VA 24460 MICHAEL KEYSER CEO & GEN MG 30.00 10.00 X 469259 0 91184 CHRIS BOTULINSKI COO 34.00 6.00 X 145826 0 30741 RICK ARMSTRONG SUPVR FIELD 40.00 X 104341 0 36073 SHAY MCMULLEN LINE CREW FO 45.00 3.00 X 114956 0 23162 COURTNEY PERDUE CFO 36.00 4.00 X 117212 0 20205 GREGORY COOK RETIRED CFO 23.00 17.00 X 121981 0 10941 KEVIN BRYANT LINE CREW FO 46.00 X 104362 0 23948 STEPHEN CLARK LINE CREW FO 43.00 3.00 X 107441 0 19403 DAKOYTA MINTER JOURNEYMAN L 47.00 2.00 X 107015 0 14863 JASON P BLACK DIRECTOR 5.00 X 15900 0 0 EDSEL B FORD DIRECTOR 5.00 X 15900 0 0 JAY LEWIS II DIRECTOR 4.00 X 15900 0 0 GARY R JOHNSON ASSISTANT SE 1.00 X X 15900 0 0 JOHN M QUANTZ SECRETARY/TR 3.00 X X 15900 0 0 C MICHAEL SANDRIDGE VICE PRESIDE 2.00 X X 15900 0 0 KEITH L SWISHER PRESIDENT 7.00 X X 15900 0 0 1503693 270520 9 false true false THAYER POWER AND COMMUNICATION 12345 WORTHINGTON ROAD NW PATASKALA OH 43062 FIBER CONST. 11369171 VANTAGE POINT 2211 NORTH MINNESOTA ST MITCHELL SD 57301 FIBER ENGINEER 2904118 LEE ELECTRICAL CONSTRUCTION PO BOX 55 ABERDEEN NC 28315 CONSTRUCTION 2448257 HENKELS & MCCOY INC 2268 COLLISION CENTER DRIVE CHICAGO IL 60693 FIBER CONST. 1598777 ASPLUNDH TREE EXPERT LLC PO BOX 532729 ATLANTA GA 30353 ROW CLEARING 1461464 12 3329123 3329123 SALE AND DIST. OF ELECT. 221000 23541653 23541653 CONTRIB. IN AID OF CONST. 221000 949118 949118 PATRONAGE ALLOC. RECEIVED 221000 41858 41858 24532629 397206 370032 27174 526534 526534 526534 526534 563812 453769 110043 110043 18328 91715 BARCONNECTS 221000 4934117 4934117 FIBER LEASE ACTIVITIES 221000 1757154 1757154 INC RELIABLE ENERGY, LLC 221000 48231 48231 11935 11935 6751437 35646972 24544564 7127862 645423 X 2506209 1118649 4522011 469284 430103 193637 327145 20450 1757290 3870397 COST OF POWER 11153259 OPERATING EXP BARCONNECTS 4813798 DISTRIBUTION OPERATION 1094178 DISTRIBUTION MAINTENANCE 1051358 -2373599 30954169 0 0 0 2607939 1923651 4494670 4855163 1917691 1946880 3883659 3067677 2044733 1134424 152035506 33808804 93072468 118226702 135000 135000 10160518 10185329 498224 463224 118814902 141938050 4260614 6532951 79039046 97277024 3778844 3347408 87078504 107157383 X 31736398 34780667 31736398 34780667 118814902 141938050 X 4692803 -1648534 X false true X true true true 152035506 33808804 118226702 118226702 PATRONAGE CAPITAL 9588366 C CAPITAL TERM CERTIFICATES 532623 C MEMBER CAPITAL CERTIFICATES 50000 C BUILDING 13340 C MEMBERSHIP FEES 1000 C 10185329 OTHER 2152608 CONSUMER DEPOSITS 1043237 DEFERRED CREDITS 151563 3347408 X X false false false MICHAEL KEYSER CEO & GEN MGR 410461 58798 75582 15602 560443 CHRIS BOTULINSKI COO 106952 38874 20379 10362 176567 JASON P BLACK - DIRECTOR CFO 222190 SALE OF FUEL/DIESEL false FORM 990 SCHEDULE J, PART II, COLUMN C THE OFFICERS OF THE COOPERATIVE PARTICIPATE IN A MULTI-EMPLOYER DEFINED BENEFIT PENSION PLAN. INCLUDED IN COLUMN C IS THE ACTUARIAL INCREASE ASSOCIATED WITH THE PLAN. IT SHOULD BE NOTED THAT THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE PLAN IS THE SAME FOR ALL INDIVIDUALS IN THE PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS PATRONAGE DIVIDENDS ARE PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN BARC ELECTRIC 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 NOW REPORTED ON LINE 4. FORM 990, PART IX, LINE 17 TRAVEL PER IRS INSTRUCTIONS THE TOTAL TRAVEL COSTS REPORTED ON THIS LINE REPRESENT ALL TRANSPORTATION COSTS OF THE COOPERATIVE, INCLUDING THE EXPENSE OF PURCHASING, LEASING, OPERATING, AND REPAIRING ALL VEHICLES OWNED BY THE COOPERATIVE. THIS INCLUDES ALL THE LINE AND SERVICE TRUCKS USED IN THE DAILY OPERATIONS OF THE COOPERATIVE. THESE TRUCKS LOG IN THOUSANDS OF MILES EACH YEAR CONSTRUCTING AND MAINTAINING THE ELECTRIC PLANT OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 6 BARC IS AN ELECTRIC COOPERATIVE THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE MEMBERS OF THE COOPERATIVE ELECT THE BOARD OF DIRECTORS WHICH SERVES AS THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF BARC RECEIVE ONE VOTE WITH RESPECT TO SELECTING THE COOPERATIVE'S BOARD OF DIRECTORS. 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 BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT REVIEWS THE TAX FORM 990 WITH THE BOARD AFTER THE RETURN HAS BEEN FILED. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY, DIRECTORS REVIEW POTENTIAL CONFLICTS OF INTEREST. DIRECTORS ALWAYS REMOVE THEMSELVES FROM VOTING ON ISSUES THAT COULD PRESENT A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE GOVERNING BODY SETS THE COMPENSATION OF THE CEO. TO ASSIST WITH THIS PROCESS A SALARY SURVEY WAS PERFORMED BY A NATIONAL CONSULTING GROUP ALONG WITH CONTEMPORANEOUS SALARY DATA BEING PROVIDED. OTHER OFFICERS' SALARIES ARE BASED ON THREE CONTEMPORANEOUS REFERENCE POINTS: USBLS, NRECA, AND THE VIRGINIA E.C. FOR NON-METRO WESTERN VIRGINIA. FORM 990, PAGE 6, PART VI, LINE 15B THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL DATA IS PROVIDED TO THE MEMBERSHIP AT THE ANNUAL MEETING EACH YEAR. FORM 990, PAGE 6, PART VI, LINE 19 INFORMATION IS AVAILABLE UPON REQUEST FROM THE COOPERATIVE. FINANCIAL INFORMATION IS PROVIDED TO THE MEMBERSHIP AT THE ANNUAL MEETING. FORM 990, PART XI, LINE 9 PATRONAGE DIV PAID TO MEMBERS NOT EXP PER GAAP 2,506,209 BOOK TAX DIFF BARCONNECT 12,038 NET CHANGE IN MEMBERSHIPS 100 NON-CASH PATRONAGE ALLOCATIONS NOT REV PER IRS 255,579 CIAC NOT REV PER GAAP -4,278,241 RETIREMENT OF CAPITAL CREDITS -90,891 INSTALLMENT SALE OF SOLAR PLANT -18,328 DEFERRED TAX ASSET BARCONNECTS -35,000 TOTAL -1,648,534 RELIABLE ENERGY LLC PO BOX 264 MILLBORO VA 24460 462270348 GEN LEASES VA 37393 2839582 BARC ELEC BARCONNECTS LLC PO BOX 264 MILLBORO VA 24460 474493961 BLDG FIBER VA 97971 7118703 BARC ELEC