2025-11-05T11:39:28-05:00 2024-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2024-01-01 540178963 COMMUNITY ELECTRIC COOPERATIVE COMM 7572426181 POST OFFICE BOX 267 WINDSOR VA 23487 STEVEN A HARMON PRESIDENT AND CEO 7572426181 2025-10-15 true true G STEVEN GILLIAM CPA P00348264 8043231313 2025-11-05 2024 2025-03-06 01:10:19Z STEVEN A HARMON PO BOX 267 WINDSOR VA 23487 32018814 false X WWW.COMELEC.COOP X 1938 VA SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF COMMUNITY ELECTRIC COOPERATIVE 9 9 49 2369104 185788 0 26421063 28827996 28909 30520 2252039 3160298 28702011 32018814 0 0 5086810 5999815 0 0 23647571 24509258 28734381 30509073 -32370 1509741 59375116 60458126 29648516 29973564 29726600 30484562 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 19,675,361 OTHER SALARIES AND WAGES 3,210,666 DEPRECIATION AND AMORTIZATION 2,350,002 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 false true true true false true 27 0 true 49 true true true false false false false 28069592 3617583 false true 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 AN 42.00 X 1165910 0 101441 HERMAN G PRESSON MGR OF OPERA 40.00 X 136069 0 96232 JONATHAN D THOMPSON COO 40.00 X 173199 0 51398 DARYL WALLS VP OF BUS DE 41.00 X 155634 0 45207 DANNY T BEALE LINEMAN 51.00 X 139483 0 51344 DANIELLE BEALE MGR OF ACCOU 41.00 X 129865 0 18582 ERIK THIEDE LEAD LINEMAN 47.00 X 117191 0 23742 DANIEL HOBISON LINEMAN 48.00 X 118608 0 17156 JEANNETTE S EVERETT CHAIRMAN 3.41 1.00 X X 20003 1200 0 DIANA F BEALE SEC-TREAS 1.61 1.00 X X 17603 1600 0 MICHAEL A FAULK VICE-CHAIRMA 1.10 1.00 X X 17603 1600 0 JOHN W STEWART ASST. SEC-TR 3.33 1.00 X X 17003 1600 0 R BRIAN JONES SR DIRECTOR 1.32 X 18003 0 0 DOUGLAS A CHESSON DIRECTOR 4.00 X 17803 0 0 JASON B CARR DIRECTOR 1.73 X 17403 0 0 CHAD N FOWLER DIRECTOR 2.87 X 17003 0 0 KARA D HEARN DIRECTOR 1.18 X 16803 0 0 2295186 6000 405102 9 false true false XYLEM TREE EXPERTS 208 E PLUME ST SUITE 250 NORFOLK VA 23510 RIGHT OF WAY 867618 RIVER CITY CONSTRUCTION INC PO BOX 1420 WASHINGTON NC 27889 CONSTRUCTION 242870 2 SALE OF ELECTRICITY 221000 28060037 28060037 CONT IN AID CONSTRUCT 221000 701000 701000 CASH PATRONAGE RECEIVED 221000 66959 66959 28827996 30520 30520 154091 154091 154091 154091 ADMIN. SERVICES 900099 2352977 2352977 INCOME FROM EQUITY INV. 900099 627548 627548 ELECTRIC MAINT. CONTRACT 900099 15275 15275 10407 9555 852 3006207 32018814 29465099 2369104 184611 X 1852017 3210666 560699 376433 34550 869189 57407 1079937 2350002 COST OF POWER 19675361 DIST. OPERATION 1230384 DIST. MAINTENANCE 983683 GENERAL AND ADMIN. 605552 -2376807 30509073 0 0 0 443215 376005 190888 363064 3265194 4225504 3655101 3113615 1043806 991787 67737239 33285104 33717582 34452135 3517856 3695404 12339378 12494748 1202096 745864 59375116 60458126 2964660 3240948 24159890 24000333 2523966 2732283 29648516 29973564 X 29726600 30484562 29726600 30484562 59375116 60458126 X 1509741 -751779 X false true X true false 67737239 33285104 34452135 34452135 3695404 C 3695404 PATRONAGE CAPITAL 12026017 C CAPITAL TERM CERTIFICATES 443731 C CFC CAPITAL SECURITIES 25000 C 12494748 DEFERRED CREDITS 1112490 CUSTOMER DEPOSITS 648196 CAPITAL LEASE 493199 OTHER 478398 2732283 X SCHEDULE D, PAGE 3, PART X THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINICPLES 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 AND CEO 501154 664756 77106 24335 1267351 664756 HERMAN G PRESSON MGR OF OPERATIONS 136069 74177 22055 232301 JONATHAN D THOMPSON COO 173199 29541 21857 224597 DARYL WALLS VP OF BUS DEV 155634 23654 21553 200841 DANNY T BEALE LINEMAN 139483 39214 12130 190827 SCHEDULE J, PAGE 1, PART I, LINE 4 STEVEN A. HARMON 0 63,306 0 SCHEDULE J, PART III COMMUNITY ELECTRIC COOPERATIVE IS A PARTICIPATING EMPLOYER IN THE RETIREMENT SECURITY PLAN SPONSORED BY THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCATION (NRECA). STEVEN HARMON DOES NOT PARTICIPATE IN THE PLAN, BUT INSTEAD PARTCIPATES IN A 457(F) DEFERRED COMPENSATION PLAN. AFTER 10 YEARS OF SERVICE THE AMOUNT IN THE PLAN VESTED AND WAS PAID OUT TO STEVEN HARMON IN THE TAX YEAR 2024. THIS BENEFIT HAS BEEN ACCRUED AND EXPENSED ACCORDINGLY OVER THE LIFE OF THE PLAN. NO ADDITIONAL EXPENSE WAS RECORDED BY COMMUNITY ELECTRIC AS A RESULT OF THE PAYMENT. 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 63,306 990 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 NET CHANGE IN MEMBERSHIPS 730 CASH PATRONAGE CAP ALLOC NOT REVENUE PER GAAP 157,677 CONT IN AID OF CONSTRUCTION NOT REVENUE PER GAAP -701,000 NET RETIREMENT OF CAPITAL CREDITS -209,186 TOTAL -751,779 FRANKLIN REC SOLAR LLC 1560 HIGHWAY 65 PO BOX 437 HAMPTON IA 50441 371934755 SOLAR FARM IA RECORE LLC UNRELATED 28017 true false SOLAR VISION LLC W 6803 SPRINGS DRIVE PHILLIPS WI 54555 320635652 SOLAR FARM WI RECORE LLC UNRELATED 9603 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 2352977 CASH RECEIVED RECORE LLC F 450000 CASH RECEIVED