2014-11-11T16:43:16-08:00 2013-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2013-01-01 540387895 SOUTHSIDE ELECTRIC COOPERATIVE INC SOUT 4346457721 POST OFFICE BOX 7 CREWE VA 23930 JEFFREY S EDWARDS President & CEO 2014-11-11 true G STEVEN GILLIAM CPA P00348264 8043231313 2013 2015-11-30 17:44:51Z JEFFREY S EDWARDS 2000 WEST VIRGINIA AVENUE CREWE VA 23930 109955458 false false X WWW.SEC.COOP X 1937 VA Safe and effective distribution of electricity to the members of Southside Electric Cooperative. 9 9 156 100527 94437 0 107458734 107313359 240378 108678 2220497 2503251 109919609 109925288 0 2604571 2030244 16179491 16108226 0 0 90352757 90951563 109136819 109090033 782790 835255 278419502 297901250 183736904 203399751 94682598 94501499 Safe and effective distribution of electricity to the members of Southside Electric Cooperative. false false Safe and effective distribution of electricity to the members of the cooperative. The three largest program services as measured by expenses were as follows:Cost of power $64,384,599Salaries and wages 11,357,471Depreciation 9,704,152 false 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 false false false false false false false true 27 0 true 156 true true false false false false false false false 107313359 2384750 false false 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 CORPORATION 8005522118 Post Office Box 7 CREWE VA 23930 FRANK W BACON Chairman 16.00 0.00 X X 24000 0 0 EARL C CURRIN JR VICE CHAIRMAN 14.00 0.00 X X 24000 0 0 HERBERT E WINN Treasurer 16.00 0.00 X X 24000 0 0 PAUL S BENNETT Secretary 10.00 0.00 X X 24000 0 0 CHARLES J FRIEDL Director 12.00 0.00 X 24000 0 0 LILLIAN H HICKS Director 8.00 0.00 X 6000 0 0 MICHAEL LOBUE Director 12.00 0.00 X 24000 0 0 KRISTE MARTIN WALLACE Director 8.00 0.00 X 24000 0 0 WILLIAM WHITE Director 8.00 0.00 X 24000 0 0 DORSEY L DRAWHORN DIRECTOR 7.00 0.00 X 18000 0 0 JEFFREY S EDWARDS President & CEO 55.00 0.00 X 389581 0 426359 DANNY HAMMOND MGR. OF FINANCE 50.00 0.00 X 181551 0 78824 Frank Harris MGR. member relat. 40.00 0.00 X 157741 0 59903 Ricky Hux Apparatus Tech 54.00 0.00 X 133297 0 53972 George Felts MGR. Eng. & Oper. 50.00 0.00 X 179629 0 101793 Jean Morris Mgr. Human Res. 50.00 0.00 X 131910 0 112551 Dennis Bell Line Tech Sup. 51.00 0.00 X 129638 0 48348 1519347 881750 29 false true false DAVIS H ELLIOT PO BOX 37251 BALTIMORE MD 21297 ELECTRIC CONTRACTOR 611187 Townsend Tree Service PO Box 128 Parker City IN 47368 TREE REMOVAL 2799486 T&D Solutions PO Box 11948 Alexandria LA 71315 Line Construction 1761489 Lee Electrical Construction PO Box 55 Aberdeen NC 28315 Line Construction 641799 J L MALONE PO BOX 3367 ALBANY GA 31706 ELECTRIC CONTRACTOR 530312 14 0 Sale and Dist. of elect. 221000 107313359 107313359 107313359 108678 108678 0 0 382154 30170 351984 351984 100126 251858 0 0 0 0 Cash Patronage Rec. 221000 277953 277953 Cont. In aid of Const. 221000 1872913 1872913 Virginia Capital K-1 401 401 2151267 109925288 109464225 100527 360536 0 0 0 2030244 1292315 0 11357471 2504152 0 954288 0 186893 0 0 0 0 0 0 0 0 0 0 1871831 0 223221 6080894 0 9704152 0 Cost of power 64384599 Dist. Maintenance 7911867 Admin & General 2739444 Distribution Oper 1537456 -3688794 109090033 0 0 0 2122 2231107 0 0 18242881 16915379 0 0 0 865924 714173 1802798 10072495 302249324 80877469 211931993 221371855 0 0 44521510 45543549 0 1052274 1052692 278419502 297901250 7497954 7753294 171368256 191017197 4870694 4629260 183736904 203399751 X 94682598 94501499 94682598 94501499 278419502 297901250 X 835255 -1016354 X false true X true false 302249324 80877469 221371855 221371855 45543549 ACCRUED SICK LEAVE 143267 CONSUMER deposits 2481934 Deferred credits 462662 other 1541397 4629260 109072348 109072348 852940 852940 109925288 107042104 107042104 2047929 2047929 109090033 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S CONTRIBUTION IN AID OF CONSTRUCTION $1872913 COVERSION TO CASH PATRONAGE RECEIVED $-1037658 Rental expense netted against revenue $-29870 Nonoperating expense netted against rev $47555 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Patronage Div. paid to members' accts. $2030244 Nonoperating rev/exp netted against exp $17685 X X X X false false false DANNY HAMMOND MGR. OF FINANCE 171338 1813 8400 68250 10574 260375 Dennis Bell Line Tech Sup. 129638 34652 13696 177986 Frank Harris MGR. member relat. 157741 54366 5537 217644 George Felts MGR. Eng. & Oper. 179629 91219 10574 281422 Jean Morris Mgr. Human Res. 131910 101647 10904 244461 JEFFREY S EDWARDS President & CEO 371841 3740 14000 412598 13761 815940 Ricky Hux Apparatus Tech 133297 43398 10574 187269 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Southside Electric Cooperative is an electric cooperative that delivers electricity to the members of the cooperative. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Members of the governing body are subject to approval by the members as provided in its bylaws. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Certain decisions of the governing body are subject to approval by the members as provided for in its bylaws. Form 990, Part VI, Line 11b: Form 990 Review Process Manager of Finance and CEO review tax return with the board prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Anyone that has a conflict of interest will excuse themselves from discussions or voting on subject matter where a possible conflict exists. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The members of the governing board also serve as the compensation committee. Annually they evaluate the performance of the CEO and approve the compensation package for this position. Also, the compensation committee approves all other payroll increases in total. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents and policies are available upon request. Financial data is presented to the members at the annual meeting and also included in the 990 which is also available upon request. Other Changes In Net Assets Or Fund Balances - Other Decreases CONTRIBUTIONS IN AID OF CONSTRUCTION NOT REVENUE PER GAAP = -$1872913 Other Changes In Net Assets Or Fund Balances - Other Increases Net change in donated capital and memberships = $364767 Other Changes In Net Assets Or Fund Balances - Other Increases non-cash patronage allocations not revenue per irs = $1037658 Other Changes In Net Assets Or Fund Balances - Other Increases Patronage Div. paid to members' accts. not expense per gaap = $2030244 Other Changes In Net Assets Or Fund Balances - Other Decreases Retirement of Capital Credits = -$2576110 990 Part IX Line 17 "Travel Costs" Travel costs includes the expenses of purchasing, leasing, operating, and repairing any vehicles owned by the Organization and used in the Organization's activities. Travel costs also include transportation costs, meals and lodging, and per diem payments. 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 Southside Electric Cooperative's by-laws. 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 now reported on line 4. 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 rates for participants in the plan are 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. These actuarial increases, do not represent actual cash received, but rather an unrealized actuarial increase in retirement accounts that is required to be reported on the form 990.