2013-11-13T13:37:36-08:00 2012-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2012-01-01 540387895 SOUTHSIDE ELECTRIC COOPERATIVE INC SOUT 4346457721 POST OFFICE BOX 7 CREWE VA 23930 JEFFREY S EDWARDS 2013-11-13 true G STEVEN GILLIAM CPA P00348264 8043231313 2012 2016-02-24 21:20:13Z JEFFREY S EDWARDS 2000 WEST VIRGINIA AVENUE CREWE VA 23930 109986643 false false X WWW.SEC.COOP X 1937 VA Safe and effective distribution of electricity to the members of the cooperative. 9 9 162 45545 38968 0 109396473 107458734 94484 240378 1633808 2220497 111124765 109919609 0 2822881 2604571 16276441 16179491 0 0 91785741 90352757 110885063 109136819 239702 782790 261887774 278419502 167544272 183736904 94343502 94682598 Safe and effective distribution of electricity to the members of the 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 $67,415,424Salaries and wages 10,997,705Depreciation 9,406,599 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 21 0 true 162 true true false false false false false false false 107458734 2610267 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 VA X X THE CORPORATION 8005522118 Post Office Box 7 CREWE VA 23930 WILLIAM WHITE 10.00 0.00 X 18000 0 0 KRISTE MARTIN WALLACE 10.00 0.00 X 8000 0 0 MICHAEL LOBUE 12.00 0.00 X 23400 0 0 JOHN L LEWIS III 5.00 0.00 X 5400 0 0 LILLIAN H HICKS 8.00 0.00 X 23400 0 0 CHARLES J FRIEDL 12.00 0.00 X 23400 0 0 PAUL S BENNETT 10.00 0.00 X X 23400 0 0 HERBERT E WINN 12.00 0.00 X X 23400 0 0 QUENTIN E WILHELMI 8.00 0.00 X 5400 0 0 EARL C CURRIN JR 9.00 0.00 X X 23400 0 0 FRANK W BACON 15.00 0.00 X X 23400 0 0 DANNY HAMMOND 50.00 0.00 X 175755 0 62763 JEFFREY S EDWARDS 55.00 0.00 X 372337 0 426062 Frank Harris 50.00 0.00 X 155791 0 58836 Steve Carson 53.00 0.00 X 117011 0 35049 George Felts 50.00 0.00 X 171753 0 84314 Jean Morris 50.00 0.00 X 128764 0 109553 Dennis Bell 50.00 0.00 X 124509 0 54487 1446520 831064 10 false true false WA Kendall & Company PO Box 831 Lawrenceville GA 30046 Line Construction 1345257 Townsend Tree Service PO Box 128 Parker City IN 47368 ROW 1324370 T&D Solutions PO Box 11948 Alexandria LA 71315 Line Construction 1285656 Lee Electrical Construction PO Box 55 Aberdeen NC 28315 Line Construction 1424862 CW Wright 11500 Ironbridge Road Chester VA 23831 Substation Engineeri 871433 13 0 Sale and Dist. of elect. 221000 107458734 107458734 107458734 240378 240378 0 0 338617 67034 271583 271583 45918 225665 0 0 0 0 Virginia Capital K-1 -373 -373 Cont. In aid of Const. 221000 1781132 1781132 Cash Patronage Rec. 221000 168155 168155 1948914 109919609 109408021 45545 466043 0 0 0 2604571 1237517 0 10997705 3020605 0 923664 0 127724 0 0 0 0 0 0 0 0 0 0 0 0 0 6231296 0 0 0 Admin & General 2390321 Dist. Maintenance 6137604 Depreciation 9406599 Cost of power 67415424 -1356211 109136819 0 0 0 1861118 2122 0 0 14621391 18242881 0 0 0 772056 865924 3065178 1802798 302612075 90680082 197294568 211931993 0 0 43533101 44521510 0 740362 1052274 261887774 278419502 8767146 7497954 153660464 171368256 5116662 4870694 167544272 183736904 X 94343502 94682598 94343502 94682598 261887774 278419502 X 782790 -443694 X false true X true true true 302612075 90680082 211931993 211931993 44521510 other 1310996 Deferred credits 1274974 CONSUMER deposits 2141457 ACCRUED SICK LEAVE 143267 4870694 109474173 109474173 445436 445436 109919609 106869602 106869602 2267217 2267217 109136819 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Patronage Div. paid to members' accts. $2604571 Nonoperating rev/exp netted against exp $-337354 Part XI, Line 4b Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S CONTRIBUTION IN AID OF CONSTRUCTION $1781132 COVERSION TO CASH PATRONAGE RECEIVED $-998342 Rental expense netted against revenue $-67034 Nonoperating expense netted against rev $37330 Nonoperating revenue netted against exp $-307650 X X X X false true false Steve Carson 117011 23365 11684 152060 JEFFREY S EDWARDS 372337 411317 14745 798399 Jean Morris 128764 97531 12022 238317 George Felts 171753 72630 11684 256067 Frank Harris 155791 52983 5853 214627 Dennis Bell 124509 39742 14745 178996 DANNY HAMMOND 175755 51079 11684 238518 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. Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases Retirement of Capital Credits = -$2191332 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Patronage Div. paid to members' accts. not expense per gaap = $2604571 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases non-cash patronage allocations not revenue per irs = $998342 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases Net change in donated capital and memberships = -$74143 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases CONTRIBUTIONS IN AID OF CONSTRUCTION NOT REVENUE PER GAAP = -$1781132 Form 990, Part VI, Line 19 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. Form 990, Part VI, Line 15b 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 12c 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 11b 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 7b 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 7a 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 6 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.