2017-11-09T12:49:02-08:00 2016-12-31 990 2016-01-01 541135340 Rappahannock Electric Cooperative RAPP 5408988500 247 Industrial Ct Fredericksburg VA 22408 Kent D Farmer President & CEO 2017-11-09 false 2016 2018-03-14 21:41:22Z Kent D Farmer 430740784 false false X www.myrec.coop X 1980 VA Sale and distribution of electricity to the members of Rappahannock Electric Cooperative. 11 11 418 66102 35253 480852 632412 467853545 428106971 495614 878010 966696 985945 469796707 430603338 52790 60750 14918181 15081082 37862511 40320522 0 0 416576959 373261965 469410441 428724319 386266 1879019 892036029 891756582 524267432 512146574 367768597 379610008 Enhance the lives of the members and communities we serve by providing safe, reliable and affordable electric service as good stewards of the environment. false false Distributed electricity to 163,516 services Connected 2,436 new services Energized 250 additional miles of line false false false false false false false false false false true false true false false true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false true true false false false true 171 0 true 418 true true true false false false false false false false 418644328 11148765 false false 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 X The Cooperative 5408988500 247 Industrial Ct Fredericksburg VA 22408 Darlene H Carpenter Chairman 20.00 10.00 X X 48950 0 0 Christopher G Shipe Chairman 15.00 0.00 X X 34200 0 0 Linda R Gray Secretary 15.00 0.00 X X 41800 0 0 Thomas T Grady Treasurer 15.00 0.00 X X 29550 0 0 William M Alphin Director 14.00 0.00 X 31900 0 0 Frank B Boxley Jr Director 5.00 0.00 X 20050 0 0 William C Frazier Director 20.00 5.00 X 34750 0 0 William E Lane Director 12.00 0.00 X 30100 0 0 John C Levasseur Director 14.00 0.00 X 41050 0 0 Michael W Lindsay Director 15.00 0.00 X 37250 0 0 Richard C Oliver Director 8.00 0.00 X 32900 0 0 James M Wood Sr Director 15.00 0.00 X 13500 0 0 Kent D Farmer President & CEO 60.00 10.00 X 735890 0 151377 Ronald W Harris Vice President 50.00 0.00 X 235248 0 61021 David F Koogler Vice President 50.00 0.00 X 278008 0 71190 Craig B Lewis Vice President 50.00 0.00 X 288316 0 59051 Deanna C Kurz Secretary 45.00 1.00 X 130645 0 27024 Lawrence G Andrews Treasurer 40.00 0.00 X 142491 0 46144 Lloyd R Bywaters Mgr Eastern Region 40.00 0.00 X 199673 0 39710 Sterling F Schoonover Jr Mgr Member Service 40.00 1.00 X 190499 0 45833 John S Crawford Mgr Technology Ser 50.00 0.00 X 189713 0 38666 Joseph K Gilkerson Mgr Human Resource 40.00 0.00 X 180247 0 39299 Robert W Beard Mgr Western Region 40.00 0.25 X 174380 0 51897 3141110 631212 157 false true false C W Wright Construction Co Inc 11500 Iron Bridge Rd Chester VA 238318470 New line constructio 4213119 Lockheed Martin Government Inc P O Box 13522 Newark NJ 071883522 Info technology serv 4190349 Wolf Tree Experts Inc P O Box 415000-0046 Nashville TN 372410046 Right-of-way maint 3739594 Lewis Tree Service Inc P O Box 731897 Dallas TX 753731897 Right-of-way maint 2973886 Holladay Construction 5419 Hickory Ridge Rd Spotsylvania VA 225512400 New line constructio 895443 24 632412 632412 Cont in aid of construct 221000 6352312 6352312 Other electric revenue 221000 6174771 6174771 Patronage capital 221000 2967257 2967257 Sale of electric energy 221000 412612631 412612631 428106971 904154 904154 0 0 971868 7921 963947 963947 44104 919843 75532 101676 -26144 -26144 -26144 0 0 33526 27849 5677 5677 Electrical services 16321 16321 16321 430603338 428106971 66102 1797853 60750 0 0 15081082 2608905 0 26070415 4589925 4141510 2909767 0 117765 92692 0 0 0 0 992376 1579051 4412647 0 0 563296 0 209652 18297872 0 30470015 882233 Purchased power 290743759 Distribution exp-maintenance 13523050 Distribution exp-operations 5845579 Other miscellaneous exp 5531978 0 428724319 0 0 0 3520998 4545663 39736901 22500662 0 30360957 32131089 0 0 9235 9580 5865413 5467613 38410854 40044052 1043773849 386567015 648570795 657206834 1782665 1782594 1393613 1362042 122384598 126706453 0 0 892036029 891756582 75952664 77608593 448314768 434537981 524267432 512146574 X 367768597 379610008 367768597 379610008 892036029 891756582 X 1879019 9962392 X X false true X true false 20005982 20005982 31806773 31806773 155469576 155469576 836491518 386567015 449924503 657206834 126706453 X 418164763 919843 919843 417244920 13358418 13358418 430603338 412539934 412539934 16184385 16184385 428724319 Part X : FIN48 Footnote The Cooperative has been granted exemption from income tax under Internal Revenue Service Code Section 501(c)(12) of the Internal Revenue Code. The Cooperative evaluates the components of the annual test for compliance to maintain its filing status as a tax exempt entity. In accordance with the Financial Accounting Standards Board ASC Topic 740-10, Accounting for Uncertainty in Income Taxes, the Cooperative had determined that it is more likely than not that their tax positions will be sustained upon examination by the Internal Revenue Service. Tax years ending on or after December 31, 2013 remain subject to examination by federal and state taxing authorities. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Pole attachments $919843 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Contributions in aid of construction $6352312 Cash patronage capital received $2967257 Products revenue as nonoperating revenue $1542482 Tower and pole rentals $963947 Interest and dividend income $904154 FEMA grant $632412 Electrical services product $16321 Sale of inventory $5677 Loss on sale of plant $-26144 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Patronage allocated to members $15081082 Products exp. as nonoperating expenses $452144 Clearing accounts $651159 true Comm Awareness of Rapp Elec P O Box 7388 Fredericksburg VA 22404 203160667 6000 0 Charitable giving within community Project Big Heart P O Box 7388 Fredericksburg VA 22404 541681276 8000 0 Charitable giving within communiry The VA Foundation for Comm Co 300 Arboretum Place Suite 200 Richmond VA 23236 237004354 10000 0 Provide access to education 3 0 Grantmaker's Description of How Grants are Used There is an adopted Board policy for donations. In general, the CEO is only authorized to approve requests of $2,500 or less. Those requests for greater than $2,500 are submitted to the Board. Donations will be granted in general proportion to number of members in each county in REC's territory. Only 501(c)(3) organizations are eligible (no individuals). These organizations have to be located in and around REC's service territory and provide services to our members or employees. Finally, the organizations and causes must have broad community support, address specific community needs, and demonstrate fiscal and administrative stability. false true false Craig B Lewis Vice President 288316 56075 2976 347367 David F Koogler Vice President 278008 56075 15115 349198 Deanna C Kurz Secretary 130645 24233 2791 157669 John S Crawford Mgr Technology Ser 189713 36601 2065 228379 Joseph K Gilkerson Mgr Human Resource 180247 35352 3947 219546 Kent D Farmer President & CEO 735890 136262 15115 887267 Lawrence G Andrews Treasurer 142491 31029 15115 188635 Lloyd R Bywaters Mgr Eastern Region 199673 36514 3196 239383 Robert W Beard Mgr Western Region 174380 36782 15115 226277 Ronald W Harris Vice President 235248 45906 15115 296269 Sterling F Schoonover Jr Mgr Member Service 190499 36783 9050 236332 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Any person or other legal entity who is able to enter into a legally binding contract will become a member of REC upon receipt of electric service from REC. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body In any election for Board Director, each member shall have the right to vote for the duly nominated candidate of their choice in person at the annual meeting or upon a proxy form. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders An action by the Board of Directors such as amending the Bylaws has to be adopted by an affirmative vote of not less than two-thirds of the members present in person or by proxy at any annual or special meeting of the members. Form 990, Part VI, Line 11b: Form 990 Review Process Approximately one month before the Form 990 is submitted to the IRS, the Board of Directors receives a copy of the form. REC's management reviews the Form 990 with the Board and answers any questions brought to their attention. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts REC's conflict of interest questionaire is given out in February for the most current previous year and is filled out, signed and returned within two months. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management REC's CEO is reviewed by the Board of Directors for merit evaluation. Market adjustments are determined through Human Resources using comparable data. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees REC's other officers and key employees are reviewed by direct supervisors for merit evaluation. Market adjustments are determined through Human Resources using comparable data. Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection The Forms 990 and 990-T are available upon request. There is time and payment required for copying the forms. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available REC's bylaws and audited financial statements are available upon request. These documents are readily available when requested and usually do not require time for copying or expense reimbursement. Other Changes In Net Assets Or Fund Balances - Other Increases Allocation of prior year's margins to members' patronage cap = $15081082 Other Changes In Net Assets Or Fund Balances - Other Decreases Contributions in aid of construction = -$6352312 Other Changes In Net Assets Or Fund Balances - Other Decreases Decrease in memberships = -$79665 Other Changes In Net Assets Or Fund Balances - Other Increases Diff. in cash patronage capital vs. total patronage capital = $4366586 Other Changes In Net Assets Or Fund Balances - Other Increases Income from subsidiary = $1120 Other Changes In Net Assets Or Fund Balances - Other Increases Postretirement benefit plan gain = $7578 Other Changes In Net Assets Or Fund Balances - Other Decreases Rate mitigation credit true-up for new territory only = -$134998 Other Changes In Net Assets Or Fund Balances - Other Decreases Retirement of patronage capital = -$2926999 Form 990, Part XII, Line 2c No change was made to this procedure from the prior year. Form 990, Part XII, Line 3a There were no federal awards in 2016. Project Big Heart P O Box 7388 Fredericksburg VA 22404 541681276 Charitable giving within community VA 501(c)(3) 7 NA false Comm Awareness of Rapp Elec Charity P O Box 7388 Fredericksburg VA 22404 203160667 Charitable giving within community VA 501(c)(3) 7 NA false Rappahannock Electric Communications Inc P O Box 8059 Fredericksburg VA 22404 541509322 Markets and sells products and services VA Rappahannock Elec Co C corp 1120 433647 1.00000 true false true false false false false false false false false false true false true false false false false false