2021-11-15T16:14:06-06:00 2020-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2020-01-01 540178963 COMMUNITY ELECTRIC COOPERATIVE COMM 7572426181 POST OFFICE BOX 267 WINDSOR VA 23487 STEVEN A HARMON PRESIDENT 7572426181 2021-10-27 true STEVEN HARMON 999009999 G STEVEN GILLIAM CPA P00348264 8043231313 2021-10-27 2020 2022-09-23 18:48:47Z STEVEN A HARMON PO BOX 267 WINDSOR VA 23487 25262655 false X WWW.COMELEC.COOP X 1938 VA SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF COMMUNITY ELECTRIC COOPERATIVE 9 9 39 1249869 105715 0 24512471 23346903 33840 30723 1847197 1885029 26393508 25262655 0 171479 556192 3998043 4196066 0 0 21620882 19436818 25790404 24189076 603104 1073579 52058878 55119561 24446102 26591973 27612776 28527588 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF COMMUNITY ELECTRIC COOPERATIVE false false THE COOPERATIVE'S MAJOR PROGRAM SERVICE ACCOMPLISHMENT WAS THE SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 14,965,303 OTHER SALARIES AND WAGES 2,446,326 DEPRECIATION AND AMORTIZATION 2,004,141 false false false false false false false false false true true true 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 26 0 true 39 true true true false false false false 22625472 2511459 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X X THE COOPERATIVE 7572426181 POST OFFICE BOX 267 WINDSOR VA 23487 X STEVEN A HARMON PRESIDENT 41.00 X 370195 0 75414 HERMAN G PRESSON DIR OF BUS D 41.00 X 100599 0 97426 JENNIE P BARRETT FORMER VP AC 47.00 X 139933 0 56863 JONATHAN D THOMPSON COO 41.00 X 132457 0 56048 WILLIAM HOLLAND SERVICEMAN 1 51.00 X 110079 0 63153 DANNY T BEALE LINEMAN 51.00 X 113461 0 44639 DARYL WALLS VP OF BUS DE 41.00 X 111829 0 39910 ERIC GALFORD JOURNEYMAN L 47.00 X 102149 0 10606 MICHAEL A FAULK VICE-CHAIRMA 1.00 X X 19603 1800 0 JEANNETTE S EVERETT CHAIRMAN 3.00 X X 19103 1000 0 DIANA F BEALE SEC-TREAS 5.00 X X 17803 1800 0 JOHN W STEWART ASST. SEC-TR 4.00 X X 17403 1800 0 KARA HEARN DIRECTOR 2.00 X 19003 0 0 CHAD N FOWLER DIRECTOR 3.00 X 18803 0 0 DOUGLAS A CHESSON DIRECTOR 4.00 X 17603 0 0 JASON CARR DIRECTOR 2.00 X 17203 0 0 JOHN T BUTLER JR DIRECTOR 2.00 X 11602 0 0 R BRIAN JONES SR DIRECTOR 2.00 X 7801 0 0 1346629 6400 444059 8 true true false TEMA PO BOX 601640 CHARLOTTE NC 28260 MAT. SUPPLIER 820054 XYLEM TREE EXPERTS 208 E PLUME ST SUITE 250 NORFOLK VA 23510 RIGHT OF WAY 604163 NISC 820 UNITVERSITY CITY BLVD STE 5 BLACKSBURG VA 24060 SOFTWARE 202116 FEDERATED RURAL ELECTRIC INS PO BOX 15147 LENEXA KS 66285 INSURANCE 136764 SOLOMON CORPORATION PO BOX 245 SOLOMON KS 67480 REPAIRS 108567 5 SALE OF ELECTRICITY 221000 22616036 22616036 CONT. IN AID OF CONSTRUCT 221000 473133 473133 CASH PATRONAGE RECEIVED 221000 257734 257734 23346903 25390 25390 143946 143946 143946 143946 5333 5333 5333 5333 ADMIN. SERVICES 900099 1209694 1209694 INCOME FROM EQUITY INV. 481778 481778 ELECTRIC MAINT. CONTRACT 900099 27876 27876 21735 9436 12299 1741083 25262655 23838117 1249869 174669 X 556192 951780 2586259 401968 256059 54047 612773 38233 710420 2004141 COST OF POWER 14965303 DIST. OPERATION 999209 DIST. MAINTENANCE 681681 GENERAL AND ADMIN. 515985 -1144974 24189076 0 0 0 97462 213986 46962 465767 2236591 3427924 1487184 1847642 1034871 1025448 57866508 26612516 31082192 31253992 3972845 4182048 11625938 11841088 474833 861666 52058878 55119561 2574403 2481538 21150390 21670450 721309 2439985 24446102 26591973 X 27612776 28527588 27612776 28527588 52058878 55119561 X 1073579 -158767 X false true X true false 57866508 26612516 31253992 31253992 4182048 C 4182048 PATRONAGE CAPITAL 11351227 C CAPITAL TERM CERTIFICATES 464861 C CFC CAPITAL SECURITIES 25000 C 11841088 DEFERRED CREDITS 910996 OTHER 617564 CUSTOMER DEPOSITS 533276 CAPITAL LEASE 378149 2439985 SCHEDULE D, PAGE 4, PART XIII THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE COOPERATIVE HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. X X false true false STEVEN A HARMON PRESIDENT 346923 23272 51973 23441 445609 HERMAN G PRESSON DIR OF BUS DEV 100599 77502 19924 198025 JENNIE P BARRETT FORMER VP ACCT & FIN 138321 1612 40860 16003 196796 JONATHAN D THOMPSON COO 132457 36387 19661 188505 WILLIAM HOLLAND SERVICEMAN 1ST CLASS 110079 46314 16839 173232 DANNY T BEALE LINEMAN 113461 33389 11250 158100 DARYL WALLS VP OF BUS DEV 111829 20672 19238 151739 SCHEDULE J, PAGE 1, PART I, LINE 4 STEVEN A. HARMON 0 74,520 0 FORM 990 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 COMMUNITY ELECTRIC COOPERATIVE'S BY LAWS. THE CORPORATION 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 COMMUNITY ELECTRIC COOPERATIVE IS AN ELECTRIC COOPERATIVE THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE MEMBERS ELECT THE BOARD OF DIRECTORS WHICH SERVES AS THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE. THE BOARD HAS 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 BOARD ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED FOR IN THE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B PRIOR TO FILING THE 990, THE BOARD OF DIRECTORS ARE PROVIDED WITH A COPY OF THE 990 TO REVIEW. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTORS AND PRESIDENT AND CEO SHALL BE RESPONSIBLE FOR THE INTERPRETATION, IMPLEMENTATION, MONITORING, AND COMPLIANCE WITH THIS POLICY. THE PRESIDENT AND CEO IS RESPONSIBLE FOR UNDERSTANDING THE DELEGATIONS OF THIS POLICY AND THE OVERALL ADMINISTRATION ACCORDINGLY. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT OBTAINS THE ANNUAL BENEFITS AND COMPENSATION SURVEY FOR THE VA, MD AND DE ASSOCIATION OF ELECTRIC COOPERATIVES TO USE AS COMPARABILITY DATA IN REVIEWING KEY EMPLOYEE AND TOP MANAGEMENT SALARY EVALUATIONS. THE BOARD OF DIRECTORS HAS A WAGE AND SALARY COMMITTEE THAT GOES OVER RECOMMENDATIONS PROVIDED BY THE PRESIDENT FOR KEY EMPLOYEES AND TOP MANAGEMENT, AND MAKES RECOMMENDATIONS FOR THE PRESIDENT'S SALARY AS WELL. THESE RECOMMENDATIONS ARE TAKEN TO THE FULL BOARD FOR APPROVAL AND SUBSEQUENT IMPLEMENTATION. FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT OBTAINS THE ANNUAL BENEFITS AND COMPENSATION SURVEY FOR THE VA, MD AND DE ASSOCIATION OF ELECTRIC COOPERATIVES TO USE AS COMPARABILITY DATA IN REVIEWING KEY EMPLOYEE AND TOP MANAGEMENT SALARY EVALUATIONS. THE BOARD OF DIRECTORS HAS A WAGE AND SALARY COMMITTEE THAT GOES OVER RECOMMENDATIONS PROVIDED BY THE PRESIDENT FOR KEY EMPLOYEES AND TOP MANAGEMENT, AND MAKES RECOMMENDATIONS FOR THE PRESIDENT'S SALARY AS WELL. THESE RECOMMENDATIONS ARE TAKEN TO THE FULL BOARD FOR APPROVAL AND SUBSEQUENT IMPLEMENTATION. FORM 990, PAGE 6, PART VI, LINE 18 THE COOPERATIVE'S FINANCIAL INFORMATION IS PUBLISHED ANNUALLY IN THE COOPERATIVE LIVING MAGAZINE. COPIES OF THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT THE ANNUAL MEETING EACH YEAR WHICH IS OPEN TO THE ENTIRE MEMBERSHIP. A COPY OF THE 990 IS AVAILABLE UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE'S FINANCIAL INFORMATION IS PUBLISHED ANNUALLY IN THE COOPERATIVE LIVING MAGAZINE. COPIES OF THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT THE ANNUAL MEETING EACH YEAR WHICH IS OPEN TO THE ENTIRE MEMBERSHIP. WHEN A MEMBER JOINS THE COOPERATIVE, THEY ARE PROVIDED WITH A COPY OF THE BYLAWS. FORM 990, PART VII 990 PART VII SECTION A COLUMN F THE COOPERATIVE PARTICIPATES IN THE NRECA GROUP DEFINED PENSION PLAN. AS PART OF THIS PLAN, PARTICIPANTS ARE REQUIRED TO RECOGNIZE THE ACTUARIAL INCREASE IN THE VALUE OF THEIR ACCOUNT ON THE FORM 990. 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 CHANGE IN ACTUARIAL VALUE WITH ALL OTHER THINGS BEING EQUAL. 990 PART VII SECTION A COLUMN F THE FOLLOWING INDIVIDUAL PARTICIPATES IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN AND HAD THE FOLLOWING CONTRIBUTIONS TO THE PLAN INCLUDED ON SCHEDULE J, PART II, COLUMN (C): STEVEN HARMON 74,520 990 PART VII STEVEN A. HARMON SERVES AS BOTH CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER FOR PURPOSES OF 990 REPORTING. FORM 990, PART XI, LINE 9 BENEFITS PAID TO MEMBERS NOT EXP PER GAAP 556,192 NET CHANGE IN MEMBERSHIPS 775 CASH PATRONAGE CAP ALLOC NOT REVENUE PER GAAP 35,479 CONT IN AID OF CONSTRUCTION NOT REVENUE PER GAAP -473,133 NET RETIREMENT OF CAPITAL CREDITS -278,080 TOTAL -158,767 RECORE SERVICES LLC POST OFFICE BOX 7 WINDSOR VA 23487 821451377 POLE INSP. VA 39749 350241 RECORE LLC FRANKLIN REC SOLAR LLC 1560 HIGHWAY 65 PO BOX 437 HAMPTON IA 50441 371934755 SOLAR FARM IA RECORE LLC UNRELATED -139835 193561 true false PRICE ELECTRIC LLC W 6803 SPRINGS DRIVE PHILLIPS WI 54555 390548758 SOLAR FARM WI RECORE LLC UNRELATED -1640 106952 true false RECORE LLC PO BOX 267 WINDSOR VA 23487 542033783 GEN LEASES VA N/A true true false false false false true false false false false false false false false false false true false false RECORE LLC A 13476 CASH RECEIVED RECORE LLC Q 1013475 CASH RECEIVED RECORE LLC F 500000 CASH RECEIVED