2020-11-03T13:43:01-06:00 2019-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2019-01-01 540322350 NORTHERN NECK ELECTRIC COOPERATIVE NORT 8043333621 PO BOX 288 WARSAW VA 22572 PAMELA DAVIS VP FINANCE 8043333621 2020-10-19 true G STEVEN GILLIAM CPA P00348264 8043231313 2020-11-02 72.84.234.34 2020-11-03 13:43:01 CS P ACA39D8962F2BB59B316BF06430B2B7C29AE552B 61A6FECD8215AA087FF7745E3D605B7EF8D8F4B6 2019 2021-04-22 16:20:28Z PAMELA DAVIS 85 ST JOHNS STREET WARSAW VA 22572 42067378 false X WWW.NNEC.COOP X 1937 VA SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE 7 6 61 61732 45132 139000 40151359 40568685 507378 1002071 351222 355894 41009959 42065650 0 1924818 785472 6878884 7069419 0 0 31481267 32424543 40284969 40279434 724990 1786216 96404751 98064851 52973935 53535823 43430816 44529028 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE false false SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER: 23,800,434 SALARIES & WAGES: 4,698,155 DEPRECIATION: 4,207,067 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 true false false false false false false false false true 33 0 true 61 true true true false false false false 39307801 2349685 false false false X 7 6 false false false false true true true true false false false true true true true true true true true false X THE COOPERATIVE 8043333621 85 ST JOHNS STREET WARSAW VA 22572 X GREGORY W WHITE PRESIDENT & 40.00 X 347637 0 88719 MARTIN R MOTHERSHEAD VP FINANCE 40.00 X 167567 0 113289 WILLIAM PATRICK HENRY VP ENGINEERI 40.00 X 170606 0 92946 JAMES A MOSS VP OPERATION 40.00 X 167568 0 92022 RICHARD E MCLENDON VP IT & CUST 40.00 X 161456 0 58191 BALMOND J WALKER LINE SUPERIN 40.00 X 112520 0 87025 JOHN W HARHAI FOREMAN, LIN 43.00 X 111650 0 31584 RUSSELL G BROWN VICE CHAIRMA 4.50 X X 31039 0 0 RALPH E SUTTON SECRETARY-TR 6.50 X X 30352 0 0 A WAYNE SAUNDERS DIRECTOR 4.00 X 26352 0 0 HUNTER R GREENLAW JR CHAIRMAN 8.00 X X 24852 0 0 JAMES A WISE DIRECTOR 6.00 X 24491 0 0 HOLLY WARGO DIRECTOR 7.00 X 22500 0 0 J STEVE THOMAS SR DIRECTOR 2.00 X 21102 0 0 PAMELA DAVIS VP FINANCE X 0 0 0 1419692 563776 9 false true false ASPLUNDH 1700 SOLUTIONS CENTER CHICAGO IL 60677 ROW MAINTENANCE 1629221 NAPIER UTILITIES CONST LLC PO BOX 874 WARSAW VA 22572 ROW MAINTENANCE 551335 2 139000 139000 SALE & DIST. OF ELECTRIC 221000 39307801 39307801 CONT IN AID OF CONST 221000 1034744 1034744 CASH PATRONAGE RECEIVED 221000 226140 226140 40568685 957589 957589 355349 1728 353621 353621 61732 291889 44482 44482 44482 44482 MERCHANDISING 2273 2273 2273 42065650 40570958 61732 1293960 X 785472 897900 4698155 868792 187503 417069 25055 1111927 242362 1747586 4205339 COST OF POWER 23800434 DISTRIBUTION MAINTENANCE 2677390 DISTRIBUTION OPERATION 868154 GENERAL AND ADMINISTRATIO 703091 -2956795 40279434 0 0 0 1311685 1640776 6052695 5399178 964969 1097012 1682697 1356379 121356126 49808122 69801958 71548004 200000 200000 16382341 16814025 8406 9477 96404751 98064851 2736144 2635346 45007254 46965579 5230537 3934898 52973935 53535823 X 43430816 44529028 43430816 44529028 96404751 98064851 X 1786216 -688004 X false true X false false 121356126 49808122 71548004 71548004 PATRONAGE CAPITAL 15808532 C CAPITAL TERM CERTIFICATES 724533 C OTHER 280960 C 16814025 CONSUMER DEPOSITS 1372890 ACCRUED LIABILITIES 1143722 DEFERRED CREDITS 899928 OTHER POSTRETIREMENT BENEFITS 518358 3934898 X 41201989 41201989 863661 863661 42065650 39356690 39356690 922744 922744 40279434 SCHEDULE D, PAGE 3, PART X 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 IS IT MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTRIBUTIONS IN AID OF CONSTRUCTION 1,034,744 FEMA 139,000 RENTAL EXPENSE NETTED AGAINST REVENUE -1,728 PATRONAGE ALLOCATIONS -308,355 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS 785,472 FEMA 139,000 RENTAL EXPENSE NETTED AGAINST REVENUE -3,456 BOOK / TAX DEPRECIATION DIFFERENCE 1,728 X X false false false GREGORY W WHITE PRESIDENT & CEO 328594 19043 80319 8400 436356 MARTIN R MOTHERSHEAD VP FINANCE 164163 3404 104889 8400 280856 WILLIAM PATRICK HENRY VP ENGINEERING 164163 6443 84546 8400 263552 JAMES A MOSS VP OPERATIONS 159238 8330 83622 8400 259590 RICHARD E MCLENDON VP IT & CUST SRV 158407 3049 49791 8400 219647 BALMOND J WALKER LINE SUPERINTENDENT 105255 7265 78625 8400 199545 RUSSELL G BROWN - DIRECTOR KEY EMPLOYEE 42713821 BANKING ACTIVITIES D false SCHEDULE L, PART V RUSSELL BROWN, A DIRECTOR OF THE COOPERATIVE, IS ALSO A KEY EMPLOYEE AT THE BANK WHERE THE COOPERATIVE MAINTAINS ITS GENERAL OPERATING CHECKING ACCOUNT. 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 NORTHERN NECK 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, PART IX, LINE 17 TRAVEL COSTS INCLUDE THE EXPENSES OF PURCHASING, LEASING, OPERATING, AND REPAIRING ANY VEHICLES OWNED BY THE COOPERATIVE AND USED IN THE COOPERATIVE'S ACTIVITIES. TRAVEL COSTS ALSO INCLUDE TRANSPORTATION COSTS, MEALS AND LODGING, AND PER DIEM PAYMENTS. FORM 990, PAGE 6, PART VI, LINE 6 NORTHERN NECK 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 8B COMMITTEE IS WITHOUT AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B CEO AND VP FINANCE REVIEW THE TAX RETURN WITH THE BOARD. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 15A THE MEMBERS OF THE GOVERNING BOARD ALSO SERVE AS THE COMPENSATION COMMITTEE. ANNUALLY THEY EVALUATE THE PERFORMANCE OF THE CEO AND APPROVE THE COMPENSATION PACKAGE FOR THIS POSITION. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION COMMITTEE APPROVES ALL OTHER PAYROLL INCREASES IN TOTAL. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL DATA IS PRESENTED TO THE MEMBERS AT THE ANNUAL MEETING AND IS ALSO INCLUDED ON THE 990 WHICH IS AVAILABLE UPON REQUEST. 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. FORM 990, PART XI, LINE 9 ACTUARIAL GAIN 148,590 NONCASH PATRONAGE CAPITAL ALLOCATIONS NOT REVENUE 308,355 PATRONAGE DIV. PAID TO MEMBERS' ACCTS NOT EXPENSE 785,472 UNREALIZED GAIN OF INVESTMENTS 362,383 RETIREMENT OF CAPITAL CREDITS -534,001 AMORTIZATION OF ACTUARIAL LOSS -724,059 CONTRIBUTIONS IN AID OF CONSTRUCTION NOT REVENUE -1,034,744 TOTAL -688,004