2015-11-11T16:19:16-08:00 2014-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2014-01-01 540178963 COMMUNITY ELECTRIC COOPERATIVE COMM 7572426181 POST OFFICE BOX 267 WINDSOR VA 23487 Steven A Harmon President 2015-11-11 true G STEVEN GILLIAM CPA P00348264 8043231313 2014 2016-04-25 22:37:26Z Steven A Harmon PO Box 267 Windsor VA 23487 23836331 false false X WWW.COMELEC.COM X 1938 VA Safe and Effective Distribution of electricity to the members of Community Electric Cooperative 9 9 45 390114 5726 0 21313869 22192199 831265 111771 826674 1531642 22971808 23835612 0 0 3360854 3362508 0 0 18456507 19472248 21817361 22834756 1154447 1000856 46455977 47513831 21569606 22184462 24886371 25329369 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 $15,146,538Salaries $2,202,410Depreciation and Amortization $1,477,591 false 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 false false false false false true true true false false true 19 0 true 45 true true true false false false false false false false 22046495 1668457 false false false X 9 9 false false false false true true true true true false false true false false false false true true true false VA X X MIKE BEALE 7572426181 POST OFFICE BOX 267 WINDSOR VA 23487 Jeannette S Everett Chairman 3.30 0.00 X X 14655 0 1488 Carey M Copeland Vice-Chairman 2.33 0.00 X X 16605 0 1846 Paul E Owen SEC-Treas 1.58 0.00 X X 15255 0 1298 Diana F Beale Asst. Sec-Treas 2.23 0.00 X X 14655 0 179 H Garland Lowe Jr director 1.15 0.00 X 14455 0 148 John W Stewart Director 3.07 0.00 X 14655 0 607 Michael A Faulk Director 2.50 0.00 X 16455 0 3222 John T Butler Jr Director 1.78 0.00 X 15655 0 2144 Chad N Fowler Director 1.08 0.00 X 16155 0 4918 Steven A Harmon President 40.00 5.00 X 288994 0 28566 Gregory S Cook VP Admin & Fin 40.00 1.00 X 87747 0 43817 James Reynolds Former President 0.00 0.00 X 125602 0 0 640888 88233 2 true true false Wolf Tree Experts PO Box 415000-0046 Nashville TN 37241 Right of Way Maint. 509684 Lewis Tree Service Inc PO Box 800 Dept 886 Buffalo NY 14267 Right of Way Maint. 477339 National Information Solutions Co PO Box 1147 Mandan ND 58554 Data Processing 213489 Windsor AMOCO PO Box 281 Windsor VA 23487 Fleet Maintenance 119121 VA MD DE Assoc of Elec Coops PO Box 2340 Glen Allen VA 23058 Trade Association 109460 5 0 Cash Patronage Received 33240 33240 Cont. in aid of construct 119237 119237 Electric Sales 22039722 22039722 22192199 98941 98941 0 0 121470 121470 121470 121470 13549 719 12830 12830 12830 0 0 0 Admin. Services 377053 377053 Lighting maint. contract 10545 6773 3772 Return on Investment 1013285 1013285 9289 9289 1410172 23835612 23212257 390114 233241 0 0 0 0 603371 0 2220410 330955 0 207772 0 46483 0 0 0 0 0 0 0 0 0 0 535650 0 28366 689927 1477591 0 0 Cost of power 15146538 Dist. Maintenance 1397261 General and Admin. 617960 Dist. Operation 568232 -1035760 22834756 0 0 0 264179 259279 1476462 2630 0 3646546 4025714 0 0 0 507544 508422 1284075 1505260 46579160 19787385 25556339 26791775 0 3080043 3593328 10551678 10739560 0 89111 87863 46455977 47513831 2234324 2847407 18529310 18691140 805972 645915 21569606 22184462 X 24886371 25329369 24886371 25329369 46455977 47513831 X 1000856 -557858 X false true X true false 46579160 19787385 26791775 26791775 3593328 C 3593328 10739560 Consumer Deposits 518236 Deferred Credits 127679 645915 X Part X : FIN48 Footnote 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 their tax positions will be sustained upon examination by the Internal Revenue Service. X X false true false James Reynolds Former President 125602 125602 125602 Steven A Harmon President 253269 35725 15747 12819 317560 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder 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, Part VI, Line 7a: How Members or Shareholders Elect Governing Body 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, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders certain decisions of the governing board are subject to approval by the members as provided for in the bylaws. Form 990, Part VI, Line 11b: Form 990 Review Process Prior to filing the 990, the board of directors are provided with a copy of the 990 to review. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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 managements 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 as well as making recommendations for the presidents salary. These recommendations are taken to the full board for approval and subsequent implementation. Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection 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, Part VI, Line 19: Other Organization Documents Publicly Available 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. Other Changes In Net Assets Or Fund Balances - Other Decreases CONTRIBUTIONS IN AID OF CONSTRUCTION not revenue per gaap = -$119237 Other Changes In Net Assets Or Fund Balances - Other Increases Net Increase in memberships = $135 Other Changes In Net Assets Or Fund Balances - Other Decreases Net Retirement of Capital Credits = -$629394 Other Changes In Net Assets Or Fund Balances - Other Increases noncash patronage capital allocations not revenue per IRS = $190638 990 Part I Summary Certain line items from the prior year have been reclassified to confirm to the current year allocation of revenues and expenses. The total of revenue less expenses remained the same. 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 IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS PATRONAGE DIVIDENDS 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 INSTRUCTIOONS 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. Tidewater Energy Services LLC PO Box 267 Windsor VA 23487 542033783 Leasing of Generators VA Community Elec Coop C Corp 1013285 5535008 1.00000 true true false false false false true false false false false false false false false false false true false true Tidewater Energy Services LLC a 514 FMV Tidewater Energy Services LLC q 377053 FMV Tidewater Energy Services LLC s 149103 Cost Tidewater Energy Services LLC f 500000 FMV