2018-11-14T18:34:37-05:00 2017-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2017-01-01 540178963 COMMUNITY ELECTRIC COOPERATIVE COMM 7572426181 POST OFFICE BOX 267 WINDSOR VA 23487 STEVEN A HARMON PRESIDENT 7572426181 2018-10-15 true G STEVEN GILLIAM CPA P00348264 8043231313 2018-11-12 72.84.234.34 2018-11-14 17:34:37 CS P D2F7F4FCAC69F1EE07507C3DF754AAA56CC59B55 61A6FECD8215AA087FF7745E3D605B7EF8D8F4B6 2017 2019-02-21 02:37:17Z STEVEN A HARMON PO BOX 267 WINDSOR VA 23487 23306104 false X WWW.COMELEC.COOP X 1938 VA SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF COMMUNITY ELECTRIC COOPERATIVE 9 9 45 816368 18369 0 23275608 20986032 33953 55451 1701472 2086487 25011033 23127970 0 408288 6137 3643461 3693574 0 0 20113466 18536458 24165215 22236169 845818 891801 52259453 52332541 25844814 25444316 26414639 26888225 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 13,774,478 OTHER SALARIES AND WAGES 2,413,365 DEPRECIATION AND AMORTIZATION 1,709,333 false false false false false false false false false true true true false true true 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 22 0 true 45 true true true false false false false 20749330 2235944 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 CHAD N FOWLER DIRECTOR 2.21 X 16503 0 0 JOHN W STEWART ASST. SEC-TR 3.23 X X 16003 0 0 JEANNETTE S EVERETT CHAIRMAN 3.60 X X 15403 0 0 CAREY M COPELAND VICE-CHAIRMA 3.55 X X 14603 0 0 JOHN T BUTLER JR DIRECTOR 1.44 X 14603 0 0 PHILIP F EDWARDS III DIRECTOR 1.06 X 14403 0 0 MICHAEL A FAULK DIRECTOR 1.44 X 14403 0 0 H GARLAND LOWE JR DIRECTOR 1.00 X 14402 0 0 DIANA F BEALE SEC-TREAS 2.70 X X 13553 0 0 STEVEN A HARMON PRESIDENT 40.00 16.00 X 367258 0 31646 GREGORY S COOK VP ADMIN & F 40.00 0.00 X 91141 0 17255 JONATHAN D THOMPSON COO 40.00 X 119015 0 36211 KENNETH M BUNCH DIR OF BUS D 40.00 X 117538 0 40848 DANNY T BEALE LINEMAN 51.00 X 111000 0 29573 939828 155533 4 false true false LEWIS TREE SERVICE INC PO BOX 8000 DEPARTMENT 886 BUFFALO NY 14267 RIGHT OF WAY 535106 HELENA CHEMICAL COMPANY PO BOX 198153 ATLANTA GA 30384 CONTRACTOR 273920 VA MD DE ASSCOC OF COOPS PO BOX 2340 GLEN ALLEN VA 23058 EMP SAFETY 116634 WINDSOR AMOCO PO BOX 281 WINDSOR VA 23487 FLEET MAINT 102543 4 SALE OF ELECTRICITY 221000 20739894 20739894 CONT. IN AID OF CONSTRUCT 221000 192655 192655 CASH PATRONAGE RECEIVED 221000 53483 53483 20986032 44848 44848 127153 127153 127153 127153 188737 178134 10603 10603 10603 INCOME FROM EQUITY INV. 1133530 1133530 ADMIN. SERVICES 900099 778163 778163 ELECTRIC MAINT. CONTRACT 811000 36453 36453 11188 9436 1752 1959334 23127970 22128998 816368 182604 6137 641176 2413365 409292 229741 38017 393125 778691 1709333 COST OF POWER 13774478 DIST. MAINTENANCE 1248306 DIST. OPERATION 850307 GENERAL AND ADMIN. 672545 -928344 22236169 0 0 0 190843 213210 2834 737706 4140333 3560899 2761772 1083925 1650654 1284603 51755238 22179701 27848690 29575537 4332483 4537660 11248706 11173603 83138 165398 52259453 52332541 2302243 2592765 22550478 21586215 992093 1265336 25844814 25444316 X 26414639 26888225 26414639 26888225 52259453 52332541 X 891801 -418215 X false true X true false 51755238 22179701 29575537 29575537 4537660 C 4537660 PATRONAGE CAPITAL 10656113 C CAPITAL TERM CERTIFICATES 492490 C CFC CAPITAL SECURITIES 25000 C 11173603 DEFERRED CREDITS 636796 CUSTOMER DEPOSITS 628540 1265336 X 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 IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. X X false false false STEVEN A HARMON PRESIDENT 287935 25000 54323 10777 20869 398904 JONATHAN D THOMPSON COO 111515 7500 18607 17604 155226 KENNETH M BUNCH DIR OF BUS DEV 97538 20000 29911 10937 158386 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. FORM 990, PART XI, LINE 9 NONCASH PATRONAGE CAP ALLOC NOT REVENUE PER IRS 518,228 BENEFITS PAID TO MEMBERS 6,137 NET DECREASE IN MEMBERSHIPS -10 CONT IN AID OF CONSTRUCTION NOT REVENUE PER GAAP -192,655 NET RETIREMENT OF CAPITAL CREDITS -749,915 TOTAL -418,215 . TES ASSET MANAGEMENT LLC POST OFFICE BOX 7 WINDSOR VA 23487 821451377 POLE INSP. VA 60147 47611 TES LLC TIDEWATER ENERGY SERVICES 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 TIDEWATER ENERGY SERVICES LLC A 35 CASH RECEIVED TIDEWATER ENERGY SERVICES LLC A 13476 CASH RECEIVED TIDEWATER ENERGY SERVICES LLC Q 726857 CASH RECEIVED TIDEWATER ENERGY SERVICES LLC F 1000000 CASH RECEIVED