2018-10-14T08:38:15-04:00 2017-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2017-01-01 540377465 SHENANDOAH VALLEY ELECTRIC COOPERATIVE SHEN 5404342200 180 OAKWOOD DR ROCKINGHAM VA 22041 MICHAEL W HASTINGS PRESIDENT & CEO 5404342200 2018-08-22 true G STEVEN GILLIAM CPA P00348264 8043231313 2018-10-10 72.84.234.34 2018-10-14 07:38:15 CD P D2F7F4FCAC69F1EE07507C3DF754AAA56CC59B55 3BEC873BC121BAE15C3EED5D9A77D4E4619CE77C 2017 2018-06-14 16:35:46Z X MICHAEL W HASTINGS 180 OAKWOOD DR ROCKINGHAM VA 22041 234749912 false X WWW.SVEC.COOP X 1936 VA SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF SVEC 11 11 242 101511 100511 0 244742539 229570612 3593412 3794579 1018885 1045590 249354836 234410781 0 14566400 15292118 22632654 23255950 0 0 209056997 193825561 246256051 232373629 3098785 2037152 446814189 468182611 292418027 298949484 154396162 169233127 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF SVEC false false SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF SVEC. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 153,234,881 DEPRECIATION EXPENSE 18,276,318 OTHER SALARIES AND WAGES 17,551,817 false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 48 0 true 242 true true true false false false false 226253864 7781320 false X 11 11 false false false false true true true true true false false true true true true true true true true false X SHENANDOAH VALLEY ELECTRIC COOP 5404342200 180 OAKWOOD DR ROCKINGHAM VA 22801 X GERALD A HEATWOLE CHAIRMAN 4.28 X X 20350 0 0 LARRY C HOWDYSHELL DIRECTOR 12.13 X 20068 0 0 ROBBIE F MARCHANT DIRECTOR 6.76 X 19850 0 0 FREDERICK C GARBER VICE CHAIR 7.85 X X 19816 0 0 CHARLES H HUFFMAN DIRECTOR 4.14 X 19404 0 0 DAVID E FERGUSON SECRETARY/TR 5.04 X 19237 0 0 WILLIAM A ORNDOFF DIRECTOR 5.75 X 18990 0 0 STEPHEN BURKHOLDER DIRECTOR 7.59 X 18750 0 0 RICHARD C SHICKLE SR DIRECTOR 3.82 X 18608 0 0 SUZANNE S OBENSHAIN DIRECTOR 7.47 X 18600 0 0 GARLAND H GIBBS DIRECTOR 4.14 X 18350 0 0 JOYCE R CRAUN DIRECTOR 2.13 X 18350 0 0 MICHAEL W HASTINGS PRESIDENT & 50.00 X 351615 0 129384 THOMAS V BEAMON ASST SEC/TRE 54.00 X 206399 0 31379 GREGORY S ROGERS VP ENG OP 55.00 X 198933 0 55770 WAYNE D HANNAH JR VP IT 55.00 X 178856 0 80894 VIVIAN M MICHAEL VP HR 55.00 X 157910 0 83876 JONATHAN M AULGUR VP MEMBER SE 60.00 X 147319 0 24321 RONALD C SHICKEL MGR TECH SER 50.00 X 142627 0 100636 1614032 506260 30 false true false HARMAN CONSTRUCTION 1024 PLEASANT VALLEY RD HARRISONBURG VA 22801 CONSTRUCTION 10826356 ASPLUNDH 708 BLAIR MILL RD WILLOW GROVE PA 19090 RIGHT OF WAY 5324211 DAVIS H ELLIOTT PO BOX 37251 BALTIMORE MD 21297 LINE CONSTRUCTI 4196928 AUGUSTA UTILITIES LLC PO BOX 8 VERONA VA 24482 UNDERGROUND LIN 1344684 US SYNERGETIC INC 5025 W GRACE ST TAMPA FL 33607 ENGINEERING 863603 12 SALE AND DIST. OF ELECT. 226143653 226143653 CONTRIB IN AID OF CONSTRUCT 1948386 1948386 PATRONAGE ALLOC RECEIVED 1478573 1478573 229570612 2567196 2567196 1054290 8700 1045590 1045590 101511 944079 1557814 330431 1227383 1227383 1227383 234410781 230797995 101511 3511275 15292118 949151 17551817 3215646 1539336 282686 2403629 96015 9918347 18276318 COST OF POWER 153234881 DISTRIBUTION MAINTENANCE 9347582 DISTRIBUTION OPERATION 4882289 ADMIN & GENERAL 3705253 -8321439 232373629 0 0 0 18553522 3324189 4257 7091 27036577 33871304 8493034 8287468 7691360 4193526 545866744 182073955 334023972 363792789 50240553 53920946 770914 785298 446814189 468182611 18629926 20764768 260850165 256203835 12937936 21980881 292418027 298949484 X 154396162 169233127 154396162 169233127 446814189 468182611 X 2037152 12799813 X false true X true false 545866744 182073955 363792789 363792789 PATRONAGE CAPITAL ALLOCATIONS 51800659 C CAPITAL TERM CERTIFICATES 2081946 C BUILDING 36320 C MEMBERSHIP FEES 2021 C 53920946 CONSUMER DEPOSITS 7105607 OTHER CURRENT LIABILITIES 5671140 WHOLESALE POWER COST ADJUSTMENT 5444098 LINE OF CREDIT 3300000 ADVANCE POLE RENTALS 247641 CONSUMER ADVANCES 212395 21980881 236176908 3714513 3714513 232462395 1948386 1948386 234410781 217090211 8700 8700 217081511 15292118 15292118 232373629 SCHEDULE D, PAGE 4, PART XI, LINE 2D CASH PATRONAGE RECEIVED 3,705,813 TOWER EXPENSES NETTED IN REVENUE 8,700 SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTRIBUTIONS IN AID OF CONSTRUCTION 1,948,386 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES NETTED AGAINST REVENUE 8,700 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CREDITED TO MEMBER ACCOUNTS 15,292,118 X true true X X X X X false false false MICHAEL W HASTINGS PRESIDENT & CEO 351615 115208 14176 480999 THOMAS V BEAMON ASST SEC/TREAS 191740 14659 25146 6233 237778 GREGORY S ROGERS VP ENG OP 184726 14207 47813 7957 254703 WAYNE D HANNAH JR VP IT 162900 15956 67730 13164 259750 VIVIAN M MICHAEL VP HR 141954 15956 70959 12917 241786 JONATHAN M AULGUR VP MEMBER SERV 132660 14659 18830 5491 171640 RONALD C SHICKEL MGR TECH SERV 135027 7600 87847 12789 243263 FORM 990 FORM 990, PART IX, LINE 4 PATRONAGE DIVIDENDS ARE PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN THE 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 INCLUDED IN LINE 4 OF PART IX. FORM 990 PART IX LINE 17 REPRESENTS ALL TRANSPORTATION EXPENSES INCLUDING MILEAGE, GAS, AND THE MAINTENANCE COSTS OF ALL VEHICLES OWNED BY THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 6 SHENANDOAH VALLEY ELECTRIC COOPERATIVE IS AN ELECTRIC MEMBERSHIP COOPERATIVE THAT DELIVERS ELECTRICITY TO THE MEMBERS OF SVEC. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE THROUGH DEMOCRATICALLY CONTESTED ELECTIONS. THE BOARD HAS REGULAR 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 BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS REQUIRED BY STATE LAW AND THE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT AND CEO OR A DESIGNEE WILL REVIEW THE 990 WITH THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE'S LEGAL COUNSEL ANNUALLY REVIEWS THE CONFLICT OF INTEREST COMPLIANCE AND ENFORCEMENT WITH THE GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 15A THE GOVERNING BOARD'S COMPENSATION AND BENEFITS COMMITTEE DOES AN ANNUAL REVIEW OF THE CEO'S COMPENSATION AND BENEFITS. THIS IS DONE AFTER A THIRD PARTY REVIEW AND RECOMMENDATION. FORM 990, PAGE 6, PART VI, LINE 15B THE GOVERNING BOARD'S COMPENSATION AND BENEFITS COMMITTEE DOES AN ANNUAL REVIEW OF OFFICERS AND KEY EMPLOYEES' COMPENSATION AND BENEFITS. THIS IS DONE AFTER A THIRD PARTY REVIEW OF THE OVERALL COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, POLICIES, FORM 990 AND FINANCIAL STATEMENTS ARE ALWAYS AVAILABLE UPON REQUEST. BYLAWS, RATES AND TERMS ARE DISCLOSED ON THE COOPERATIVE'S WEBSITE. FINANCIAL INFORMATION IS PRESENTED TO THE MEMBERSHIP EACH YEAR AT THE ANNUAL MEETING. THIS INFORMATION IS ALSO PUBLISHED IN THE COOPERATIVE'S MAGAZINE COOPERATIVE LIVING WITH LINKS AVAILABLE ON THE WEBSITE. FORM 990, PART VII 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 FORM 990. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE PLAN IS THE SAME FOR ALL INDIVIDUALS IN THE PLAN. THE CHANGE IN THE 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 NET INCREASE IN MEMBERSHIPS 4,320 CHANGE IN DONATED CAPITAL 275,267 CASH PATRONAGE RECEIVED 3,705,813 PATRONAGE CAPITAL CREDITED TO MEMBER ACCOUNTS 15,292,118 RETIREMENT OF CAPITAL CREDITS -4,529,319 CONTRIBUTIONS IN AID OF CONSTRUCTION -1,948,386 TOTAL 12,799,813 .