BARC ELECTRIC COOPERATIVE: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- BARC ELECTRIC COOPERATIVE (EIN 54-0130127)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-13
- IRS object ID
- 201933179349305118
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-13T13:11:28-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 541320089 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADAMS JENKINS & CHEATHAM | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 WYLDEROSE DR | AddressLine1Txt |
| City | MIDLOTHIAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540130127 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BARC ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BARC | BusinessNameControlTxt |
| Phone | 8008462272 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 264 | AddressLine1Txt |
| City | MILLBORO | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 244600264 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL KEYSER | PersonNm |
| Person Title | CEO & GEN MGR | PersonTitleTxt |
| Phone | 8008462272 | PhoneNum |
| Signature | 2019-10-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | G STEVEN GILLIAM CPA | PreparerPersonNm |
| PTIN | P00348264 | PTIN |
| Phone | 8043231313 | PhoneNum |
| Preparation | 2019-10-31 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 72.84.234.34 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-11-13 | IPDt |
| IP Tm | 13:11:28 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | ACA39D8962F2BB59B316BF06430B2B7C29AE552B | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 61A6FECD8215AA087FF7745E3D605B7EF8D8F4B6 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MICHAEL KEYSER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 264 | AddressLine1Txt |
| City | MILLBORO | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24460 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $25,850,506 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.BARCELECTRIC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 83 | TotalEmployeeCnt |
| Total Gross UBI | $483,200 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $22,242,720 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $24,582,110 | CYProgramServiceRevenueAmt |
| PY Investment Income | $65,731 | PYInvestmentIncomeAmt |
| CY Investment Income | $215,147 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,173,235 | PYOtherRevenueAmt |
| CY Other Revenue | $1,018,579 | CYOtherRevenueAmt |
| PY Total Revenue | $23,481,686 | PYTotalRevenueAmt |
| CY Total Revenue | $25,815,836 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $1,785,825 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $1,166,928 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,443,039 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,560,232 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $16,759,131 | PYOtherExpensesAmt |
| CY Other Expenses | $19,177,802 | CYOtherExpensesAmt |
| PY Total Expenses | $22,987,995 | PYTotalExpensesAmt |
| CY Total Expenses | $25,904,962 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $493,691 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$89,126 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $69,154,844 | TotalAssetsBOYAmt |
| Total Assets EOY | $79,403,132 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $38,473,675 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $48,646,372 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $30,681,169 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $30,756,760 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | THE THREE LARGEST PROGRAM SERVICES RELATED TO THE COOPERATIVE'S MISSION, AS MEASURED BY EXPENSES, WERE AS FOLLOWS: COST OF POWER 13,364,859 OTHER SALARIES AND WAGES 4,029,399 DEPRECIATION 2,557,330 | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 36 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 83 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $23,827,273 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,136,066 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THE ORGANIZATION | PersonNm |
| Phone | 8008462272 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 264 | AddressLine1Txt |
| City | MILLBORO | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24460 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| KEITH L SWISHER | ||||||||
| PRESIDENT | 5.00 | Yes (X) | Yes (X) | $15,900 | $0 | $0 | ||
| C MICHAEL SANDRIDGE | ||||||||
| VICE PRESIDE | 4.00 | Yes (X) | Yes (X) | $15,900 | $0 | $0 | ||
| JOHN M QUANTZ | ||||||||
| SECRETARY/TR | 5.00 | Yes (X) | Yes (X) | $15,900 | $0 | $0 | ||
| GARY R JOHNSON | ||||||||
| ASSISTANT SE | 2.00 | Yes (X) | Yes (X) | $15,900 | $0 | $0 | ||
| EDSEL B FORD | ||||||||
| DIRECTOR | 3.00 | Yes (X) | $15,900 | $0 | $0 | |||
| JASON P BLACK | ||||||||
| DIRECTOR | 6.00 | Yes (X) | $15,900 | $0 | $0 | |||
| JAY LEWIS II | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $15,900 | $0 | $0 | |||
| MICHAEL KEYSER | ||||||||
| CEO & GEN MG | 32.00 | Yes (X) | $291,447 | $0 | $48,504 | 9.00 | ||
| JAMIE LOWRY | ||||||||
| COO | 40.00 | Yes (X) | $128,944 | $0 | $36,386 | 0.00 | ||
| GREGORY COOK | ||||||||
| CFO | 32.00 | Yes (X) | $113,051 | $0 | $36,759 | 9.00 | ||
| STEPHEN CLARK | ||||||||
| LINE CREW FO | 54.00 | $125,773 | $0 | $13,849 | Yes (X) | |||
| JONATHAN HINES | ||||||||
| LINE CREW FO | 46.00 | $101,156 | $0 | $23,318 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $871,671 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $158,816 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| POWER SECURE INC | |||||
| PO BOX 840149 | DALLAS | TX | 752840149 | FIBER CONST. | $2,178,116 |
| S & N COMMUNICATIONS | |||||
| PO BOX 603663 | CHARLOTTE | NC | 282603663 | FIBER CONST. | $1,721,396 |
| LEE ELECTRICAL CONSTRUCTION | |||||
| PO BOX 55 | ABERDEEN | NC | 28315 | POLE REPLACE. | $1,000,269 |
| WILLBROS T&D SERVICES LLC | |||||
| 10154 DIVISION DR | RALEIGH | NC | 27603 | FIBER CONST. | $817,514 |
| N & S CONSTRUCTION INC | |||||
| 3723 THREE NOTCH RD | LOUISA | VA | 23093 | FIBER CONST. | $606,097 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALE AND DIST. OF ELECT. | 221000 | $23,709,959 | $23,709,959 |
| CONTRIB. IN AID OF CONST. | 221000 | $821,580 | $821,580 |
| PATRONAGE ALLOC. RECEIVED | 221000 | $50,571 | $50,571 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $24,582,110 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $218,617 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $48,014 | UnrelatedBusinessRevenueAmt |
| Exclusion | $170,603 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $473,467 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $473,467 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $473,467 | TotalRevenueColumnAmt |
| Exclusion | $473,467 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $23,812 | SecuritiesAmt |
| Other | $7,388 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $34,670 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$10,858 | SecuritiesAmt |
| Other | $7,388 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$3,470 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $7,388 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$10,858 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| BARCONNECTS | 221000 | $366,481 | $366,481 | |
| BAD DEBT RECOVERY | 221000 | $117,314 | $117,314 | |
| INC RELIABLE ENERGY, LLC | 221000 | $39,831 | $39,831 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,486 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $21,486 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $545,112 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $25,815,836 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $24,699,424 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $483,200 | UnrelatedBusinessRevenueAmt |
| Exclusion | $633,212 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,166,928 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $766,391 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,029,399 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $399,415 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $365,027 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,321 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $300,027 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,432 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,369,234 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,557,330 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $13,364,859 |
| OPERATING EXP BARCONNECT | $1,375,581 |
| DISTRIBUTION MAINTENANCE | $896,148 |
| ADMIN AND GENERAL | $861,433 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$1,650,563 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,904,962 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $266,665 | BOYAmt |
| EOY | $215,136 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,489,746 | BOYAmt |
| EOY | $3,603,622 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,713,020 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,164,740 | BOYAmt |
| EOY | $2,174,831 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,418,503 | BOYAmt |
| EOY | $1,441,514 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $90,204,823 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $30,234,031 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,971,260 | BOYAmt |
| EOY | $59,970,792 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135,000 | BOYAmt |
| EOY | $135,000 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,694,450 | BOYAmt |
| EOY | $9,909,737 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,480 | BOYAmt |
| EOY | $239,480 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,154,844 | BOYAmt |
| EOY | $79,403,132 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,069,215 | BOYAmt |
| EOY | $2,161,343 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,354,857 | BOYAmt |
| EOY | $42,951,300 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,049,603 | BOYAmt |
| EOY | $3,533,729 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,473,675 | BOYAmt |
| EOY | $48,646,372 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,681,169 | BOYAmt |
| EOY | $30,756,760 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,681,169 | BOYAmt |
| EOY | $30,756,760 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,154,844 | BOYAmt |
| EOY | $79,403,132 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$89,126 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $164,717 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $90,204,823 | OtherCostOrOtherBasisAmt |
| Depreciation | $30,234,031 | DepreciationAmt |
| Book Value | $59,970,792 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $59,970,792 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PATRONAGE CAPITAL | $9,275,090 | C |
| CAPITAL TERM CERTIFICATES | $570,407 | C |
| MEMBER CAPITAL CERTIFICATES | $50,000 | C |
| BUILDING | $13,240 | C |
| MEMBERSHIP FEES | $1,000 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $9,909,737 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| OTHER | $1,635,703 |
| CONSUMER DEPOSITS | $1,116,030 |
| DEFERRED CREDITS | $781,996 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,533,729 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| MICHAEL KEYSER | |||||
| CEO & GEN MGR | $271,322 | $20,125 | $33,562 | $14,942 | $339,951 |
| JAMIE LOWRY | |||||
| COO | $114,682 | $14,262 | $24,724 | $11,662 | $165,330 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JASON P BLACK - DIRECTOR | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | CFO | RelationshipDescriptionTxt |
| Transaction | $229,791 | TransactionAmt |
| Transaction | SALE OF FUEL/DIESEL | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 1,166,928 BOOK TAX DIFF BARCONNECT 12,038 NET CHANGE IN MEMBERSHIPS 110 NON-CASH PATRONAGE ALLOCATIONS NOT REV PER IRS 219,459 INSTALLMENT SALE OF SOLAR PLANT 210,372 DEFERRED TAX LIABILITY BARCONNECT 235,000 CIAC NOT REV PER GAAP -821,580 RETIREMENT OF CAPITAL CREDITS -847,610 DEFERRED TAX ASSET RELIABLE -10,000 TOTAL 164,717 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| RELIABLE ENERGY LLC | |||||||||
| PO BOX 264 | MILLBORO | VA | 24460 | 462270348 | GEN LEASES | VA | $224,393 | $1,829,127 | BARC ELEC |
| BARCONNECTS LLC | |||||||||
| PO BOX 264 | MILLBORO | VA | 24460 | 474493961 | BLDG FIBER | VA | -$725,563 | $805,387 | BARC ELEC |