2014-05-01T14:50:24-05:00 2013-12-31 540504608 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST SW ROANOKE VA 24014 990 2013-01-01 540183175 CRAIG-BOTETOURT ELECTRIC COOPERATIVE CRAI 5408645121 PO BOX 265 NEW CASTLE VA 24127 SHAWN C HILDEBRAND GENERAL MANAGER 5408645121 2014-03-06 CHRIS BANTA P01361221 5403450936 2013 2015-11-30 17:44:51Z SHAWN C HILDEBRAND PO BOX 265 NEW CASTLE VA 24127 12214220 0 X WWW.CBEC.COOP X 1936 VA SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 6 6 27 0 0 0 0 0 12217608 12099956 21811 26170 17874 88094 12257293 12214220 0 0 1353 70902 289792 370267 0 0 0 11344630 10868100 11635775 11309269 621518 904951 28811998 31947891 17287056 19627025 11524942 12320866 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 0 0 11870925 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 27 1 0 0 0 0 0 0 0 11735244 114264 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE COOPERATIVE 5408645121 PO BOX 265 NEW CASTLE VA 24127 CLELL R CLEMONS JR DIRECTOR 3.00 X 7400 0 0 FRANK R GARMAN JR DIRECTOR 2.00 X 5600 0 0 JAMES E HUFFMAN PRESIDENT 5.00 X X 6400 0 0 PATRICK J RYAN VICE PRESIDENT 3.00 X X 5600 0 0 JC WINSTEAD ASST. SECRETARY/TREASURER 5.00 X X 6800 0 0 JASPER B PERSINGER JR SECRETARY - TREASURER 3.00 X X 5600 0 0 SHAWN HILDEBRAND GENERAL MANAGER 40.00 X 107738 0 45435 145138 0 45435 1 0 1 0 ASPLUNDH PO BOX 532729 ATLANTA GA 303532729 RIGHT OF WAY CLEARING 708564 DAVIS H ELLIOT PO BOX 37251 BALTIMORE MD 219273251 CONSTRUCTION AND REPAIR OF LINES 267444 2 ELECTRICITY TO MEMBERS 221000 11699190 11699190 POLE RENTAL 221000 255201 255201 CONTRIBUTIONS IN AID 221000 109511 109511 PATRONAGE ALLOCATION 221000 36054 36054 12099956 26170 26170 OTHER NON-OPERATING 900099 88094 88094 88094 12214220 11870925 0 343295 70902 37400 266759 66108 106285 380 102957 38832 18535 1610 30485 796171 30884 940918 12209 COST OF POWER 6046355 DISTRIBUTION MAINTENANC 1172569 DISTRIBUTION OPERATION 782515 CONSUMER ACCOUNTS 520020 267375 11309269 77246 2561719 1786497 1648762 356113 413860 173258 800063 35363290 9582531 25692626 25780759 710873 724332 15385 18396 28811998 31947891 1144138 1153435 15887844 18076993 255074 396597 17287056 19627025 X 0 0 0 0 11524942 12320866 11524942 12320866 28811998 31947891 X 904951 -109027 X X 0 1 X 1 0 132917 132917 793795 306737 487058 34436578 9275794 25160784 25780759 CONSUMER DEPOSITS 197440 DEFERRED CREDITS 199157 396597 12104709 0 12104709 109511 109511 12214220 11238367 0 11238367 70902 70902 11309269 PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTIONS IN AID 109,511. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS PAID 70,902. X X X 0 0 0 SHAWN HILDEBRAND GENERAL MANAGER 107738 0 0 0 0 0 34382 0 11053 0 153173 0 0 0 PART I, LINE 3 THE COOPERATIVE FOCUSES ON COMPARABLE ELECTRIC COOPERATIVES IN THE NATION, REGION, AND STATE TO BENCHMARK GENERAL MANAGER COMPENSATION. SALARY INFORMATION FROM SEVERAL COMPENSATION SURVEYS MAY BE USED. IN ADDITION, THE BOARD MAY ENGAGE AN INDEPENDENT QUALIFIED PROFESSIONAL CONSULTANT TO RECOMMEND COMPENSATION OR LEVELS (RANGE), AND DOCUMENT AND FOLLOW THOSE RECOMMENDATIONS. COMPENSATION WILL BE BASED ON AN ANALYSIS OF CONSULTANT RECOMMENDATIONS AND COMPARISON OF COMPENSATION RECEIVED BY EXECUTIVES AT COMPARABLE ORGANIZATIONS THAT ARE REASONABLE WITH RESPECT TO THE ORGANIZATION'S REVENUES, ASSETS, AND COMPLEXITY. FINALLY, EXECUTIVE COMPENSATION WILL BE TIED TO THE ACCOMPLISHMENT OF ORGANIZATIONAL AND EXECUTIVE PERFORMANCE GOALS. FORM 990, PART VI, SECTION A, LINE 6 CRAIG-BOTETOURT ELECTRIC IS AN ELECTRIC DISTRIBUTION SYSTEM. EACH PROSPECTIVE CONSUMER/MEMBER REQUESTING ELECTRIC SERVICE SHALL SIGN THE COOPERATIVE'S APPLICATION FOR MEMBERSHIP AND SUPPLY THE COOPERATIVE WITH SUCH CREDIT REFERENCES AS MAY BE REQUESTED. THERE IS A MEMBERHSIP FEE OF $5.00. FORM 990, PART VI, SECTION A, LINE 7A EACH CONSUMER/MEMBER IS AFFORDED ONE VOTE ANNUALLY IN THE ELECTION OF SPECIFIED BOARD SEAT. FORM 990, PART VI, SECTION A, LINE 7B IN ACCORDANCE WITH THE COOPERATIVE'S BYLAWS, THE DECISION TO DISSOLVE THE COOPERATIVE WOULD BE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 EACH MEMBER OF THE BOARD IS GIVEN A COPY OF FORM 990 TO REVIEW. AFTER THERE HAS BEEN SUFFICIENT TIME FOR THE BOARD MEMBERS TO REVIEW THE 990, A MEETING BETWEEN THE BOARD AND THE CPA FIRM THAT PREPARED THE 990 WILL TAKE PLACE TO DISCUSS THE 990 AND ANSWER ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND MANAGEMENT ARE REQUIRED TO SIGN A STATEMENT REVEALING ANY CONFLICT OF INTEREST AND THE ABSENCE THEREOF. THE STATEMENTS WILL BE SIGNED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE COOPERATIVE FOCUSES ON COMPARABLE ELECTRIC COOPERATIVES IN THE NATION, REGION, AND STATE TO BENCHMARK GENERAL MANAGER COMPENSATION. SALARY INFORMATION FROM SEVERAL COMPENSATION SURVEYS MAY BE USED. IN ADDITION, THE BOARD MAY ENGAGE AN INDEPENDENT QUALIFIED PROFESSIONAL CONSULTANT TO RECOMMEND COMPENSATION OR LEVELS (RANGE), AND DOCUMENT AND FOLLOW THOSE RECOMMENDATIONS. COMPENSATION WILL BE BASED ON AN ANALYSIS OF CONSULTANT RECOMMENDATIONS AND COMPARISON OF COMPENSATION RECEIVED BY EXECUTIVES AT COMPARABLE ORGANIZATIONS THAT ARE REASONABLE WITH RESPECT TO THE ORGANIZATION'S REVENUES, ASSETS, AND COMPLEXITY. FINALLY, EXECUTIVE COMPENSATION WILL BE TIED TO THE ACCOMPLISHMENT OF ORGANIZATIONAL AND EXECUTIVE PERFORMANCE GOALS. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO ITS MEMBERS AT THE COOPERATIVE'S ANNUAL MEMBERSHIP BUSINESS MEETING AND IS INCLUDED IN A NEW MEMBER'S PACKET WHEN APPLYING FOR ELECTIC SERVICE. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO MEMBERS AT THE COOPERATIVE'S ANNUAL MEETING AND UPON INDIVIDUAL REQUEST. THE COOPERATIVE'S CONFLICT OF INTEREST POLICY WOULD BE MADE AVAILABLE TO MEMBERS UPON INDIVIDUAL REQUEST. THESE ITEMS MENTIONED ABOVE ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC WITH THE FILING OF IRS FORM 990 AND THE REQUIRED FILINGS WITH RURAL UTILITIES SERVICES IN WASHINGTON, D.C. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS 285. DONATED CAPITAL 199. CONTRIBUTIONS IN AID -109,511. FORM 990, PART XII, LINE 2C: THERE ARE NO CHANGES IN PROCEDURES FROM PRIOR YEARS.