2013-11-14T09:38:20-08:00 2012-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2012-01-01 540164798 CENTRAL VIRGINIA ELECTRIC COOPERATIVE CENT 4342638336 PO BOX 247 LOVINGSTON VA 22949 GARY E WOOD 2013-11-14 true G STEVEN GILLIAM CPA P00348264 8043231313 2012 2016-02-25 16:41:14Z GARY E WOOD 800 Cooperative Way Arrington VA 22922 69669176 false false X N/A X 1937 VA SAfe and effective DISTRIBUTION OF ELECTRICITY TO the members of Central Virginia Electric Cooperative 9 9 119 3624 1472 0 62531710 69455723 57508 34237 174549 179216 62763767 69669176 0 3526704 3544779 10024209 10099764 0 0 48901153 55825927 62452066 69470470 311701 198706 155009298 161273075 107684148 112311843 47325150 48961232 SAfe and effective DISTRIBUTION OF ELECTRICITY TO the members of Central Virginia Electric Cooperative false false SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO The MEMBERS of Central Virginia Electric Cooperative. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES ARE AS FOLLOWS:COST OF POWER $41,345,290SALARIES AND WAGES $6,655,828DEPRECIATION $6,251,810 false false false false false false false false false false true false false 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 40 0 true 119 true true false false false false false false false 69161041 332507 false false false X 9 9 false false false false true true true true false false false true true true true true true true true false VA X THE CORPORATION 4342638336 800 COOPERATIVE WAY ARRINGTON VA 22922 ROBERT M DUNCAN 3.00 0.00 X X 20800 0 0 K M BEASLEY JR 2.00 0.00 X 20600 0 0 GEORGE GOIN 15.00 0.00 X 22000 0 0 HT Brown JR 12.00 0.00 X X 20400 0 0 ROBERTA HARLOWE 9.00 0.00 X 23200 0 0 HENRY CHILES 8.00 0.00 X 17400 0 0 JACE GOODLING 12.00 0.00 X 20600 0 0 R KINKLE ROBINSON 3.00 0.00 X X 17200 0 0 GLORIA W VEST 8.00 0.00 X X 21200 0 0 JENNIFER TURNER 55.00 0.00 X 164301 0 96461 GARY E WOOD 55.00 0.00 X 266017 0 160990 CHARLES MAURHOFF 45.00 0.00 X 139519 0 60335 Gregory Kelly 40.00 0.00 X 106388 0 51852 Robert Harris 40.00 0.00 X 118136 0 42121 Joseph Key 40.00 0.00 X 110399 0 47092 Alan Scruggs 40.00 0.00 X 105012 0 47997 Steven Olson 40.00 0.00 X 103854 0 59837 1297026 566685 9 false true false SMITH PAVING INC PO Box 1204 GROTTOES VA 24441 CONSTRUCTION 434868 OSMOSE INC PO BOX 8000 BUFFALO NY 14267 ROW CLEARING 362873 LEWIS TREE SERVICE INC PO BOX 731897 DALLAS TX 753731897 Tree Trimming Cont. 634800 GD FERGUSON & CO INC 235 Cat Rock Mtn Ln Roseland VA 22967 Tree Trimming Cont. 590349 12 FIVE CAPITOL LLC FBO DX RADIO SYSTEMS DEPT 4910 CAROL STREAM IL 601224910 CONSTRUCTION 626023 16 0 SALE & DIST. OF ELECT. 69161041 69161041 PATRONAGE ALLOCATIONS REC 80227 80227 CONTRIB. IN AID OF CONST. 214455 214455 69455723 34237 34237 0 0 175592 175592 175592 175592 0 0 0 0 Other CEVA Cents 900099 3624 3624 3624 69669176 69455723 3624 209829 0 0 0 3544779 1071023 0 6655828 1485614 309246 578053 0 125850 0 0 0 0 0 0 0 0 0 0 2756777 0 48898 4723543 0 6251810 0 ADMINISTRATIVE & GENERAL 1453702 DISTRIBUTION - OPERATION 1590965 DISTRIBUTION - MAINTENANCE 2865469 COST OF POWER 41345290 -5336377 69470470 0 0 0 2531015 3934223 61549 94863 0 5619912 7912731 0 0 0 1741343 1727237 9345965 7904093 196669494 59756838 132919169 136912656 0 0 2181295 2147329 0 609050 639943 155009298 161273075 4158905 5891915 96038673 98525708 7486570 7894220 107684148 112311843 X 47325150 48961232 47325150 48961232 155009298 161273075 X 198706 1437376 X false true X true false 196669494 59756838 136912656 136912656 MEMBERSHIP FEES 3471 C CAPITAL TERM CERTIFICATES 1173846 C PATRONAGE CAPITAL ALLOCATIONS 970012 C DEFERRED CREDITS 2691473 DEFERRED COMPENSATION 438670 CONSUMER DEPOSITS 1675296 ACCRUED POSTRETIREMENT BENEFIT COST 3088781 7894220 69508295 53574 53574 69454721 214455 214455 69669176 65925691 65925691 3544779 3544779 69470470 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. $3544779 Salary allocations $0 Part XI, Line 4b Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S contributions in aid of construction $214455 Salary allocations $0 Part XI, Line 2d Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 non-cash patronage allocation adjustment $53574 X X X X X false false false Steven Olson 103854 47837 12000 163691 Robert Harris 118136 27721 14400 160257 Joseph Key 110399 32692 14400 157491 JENNIFER TURNER 164301 84461 12000 260762 Gregory Kelly 106388 39852 12000 158240 GARY E WOOD 266017 148990 12000 427007 CHARLES MAURHOFF 139519 45935 14400 199854 Alan Scruggs 105012 33597 14400 153009 FORM 990 PART IX LINE 4 - BENEFITS PAID TO MEMBERS PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN CENTRAL VA 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 rate for participants in the NRECA R&S defined benefit pension 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 plan participant is, the greater the increase in that individual's change in actuarial value, all other things being equal. 990 Part IX Line 17 Travel Expense This line represents all transportation expenses including mileage, gas, and the maintenance costs of all vehicles owned by the Cooperative. Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases UNRECOGNIZED POST RETIREMENT BENEFIT COST = -$721273 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 = $3544779 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases NON-CASH PATRONAGE ALLOCATIONS NOT REVENUE PER IRS = $53574 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases NET RETIREMENT OF CAPITAL CREDITS PAID = -$1225249 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 = -$214455 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Financial data is provided to the membership at the annual regularly scheduled membership meeting. Financial data is also provided in the member newsletter that gives the notice of the annual meeting. Other governing documents are 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 governing board has a compensation committee that reviews the CEO's performance annually and recommends salary changes to the board. As part of this review, the committee considers salary data nationally as well as other statewide comparison data from electric cooperatives throughout the state. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Cooperative's legal counsel annually reviews the conflict of interest compliance and enforcement with the governing board. In addition, each director must annually complete and sign a conflict of interest certification and disclosure form. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process The CEO and VP of Finance & Administration along with the Accounting Services Director review a draft of the 990 with the board of directors. The 990 was reviewed during the board meeting and any questions were addressed prior to the filing of the tax return. 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 the cooperative bylaws. Form 990, Part VI, Line 7a 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. Each member receives one vote. The board has monthly meetings and an annual meeting that is open to the entire membership. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Central Virginia Electric Cooperative is an electric cooperative that delivers electricity to the members of the cooperative. The members elect the board of directors, which is the governing body of the cooperative.