2013-11-04T14:19:44-08:00 2012-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2012-01-01 540377465 SHENANDOAH VALLEY ELECTRIC COOPERATIVE SHEN 5404342200 PO BOX 236 MT CRAWFORD VA 22841 MYRON D RUMMEL 2013-11-04 true G STEVEN GILLIAM CPA P00348264 8043231313 2012 2016-03-07 17:11:31Z Myron D Rummel PO Box 236 Mount Crawford VA 22841 215020257 false false X www.svec.coop X 1936 VA SAfe and effective DISTRIBUTION OF ELECTRICITY TO the members of SVEC 11 11 229 60931 59931 0 216734413 213576373 3877226 471882 1084329 954521 221695968 215002776 0 14132395 14694274 18417430 19731338 0 0 186335816 181059635 218885641 215485247 2810327 -482471 411161811 388460214 310316710 276320224 100845101 112139990 SAfe and effective DISTRIBUTION OF ELECTRICITY TO the members of SVEC false false SAFE AND EFFECTIVE distribution OF ELECTRICITY to the members of SVEC. The three largest program services as measured by expenses were as follows:Cost of Power $148,680,768Benefits credited to members accounts $14,694,274Salaries $14,358,282 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 39 0 true 229 true true false false false false false false false 212431515 1695152 false false false X 11 11 false false false false true true true true true false false true true true true true true true true false VA X SHENANDOAH VALLEY ELECT COOP 5404342200 147 Dinkel Avenue MT CRAWFORD VA 22841 Richard C Shickle Sr 4.00 0.00 X 15305 0 0 Robbie F Marchant 5.00 0.00 X 15550 0 0 Joyce R CRAUN 3.00 0.00 X 16305 0 0 Charles H Huffman 6.00 0.00 X X 16824 0 0 Larry C HOWDYSHELL 9.00 0.00 X X 17409 0 0 Gerald A HEATWOLE 4.00 0.00 X 15250 0 0 G H Gibbs 5.00 0.00 X 15800 0 0 Fred C GARBER 6.00 0.00 X 15450 0 0 STEPHEN BURKHOLDER 8.00 0.00 X X 17910 0 0 JAMES E ZERKEL II 5.00 0.00 X 16193 0 0 LARRY E GARBER 5.00 0.00 X 16100 0 0 Myron D Rummel 50.00 0.00 X 384133 0 147994 Allen R Ritchie 56.00 0.00 X 157132 0 108330 John Coffey III 55.00 0.00 X 154645 0 35839 Wayne D Hannah Jr 55.00 0.00 X 124338 0 36652 JEFFERY HARMON 55.00 0.00 X 129194 0 69136 Greg Rogers 55.00 0.00 X 129718 0 26734 D SCOTT AUSTIN 64.00 0.00 X 130555 0 22186 Michael Alexander 60.00 0.00 X 124338 0 20935 1512149 467806 12 false true false Powertech Engineering LLC PO Box 277624 Atlanta GA 30384 Engineering Serv 606345 DAVIS H ELLIOTT PO BOX 37251 Baltimore MD 21297 Line Construction 4999706 Augusta Utilities LLC PO Box 8 Verona VA 24482 Underground Line 983880 ASPLUNDH 708 BLAIR MILL RD WILLOW GROVE PA 19090 RIGHT OF WAY 4051927 Aerial Solutions 7074 Ramsey Ford Road Tabor City NC 28463 Helicopter Side Trim 904277 15 0 SALE AND DIST. OF ELECT. 212431515 212431515 PATRONAGE ALLOC. RECEIVED 151197 151197 CONTRIB. IN AID OF CONST. 993661 993661 213576373 471882 471882 0 0 972002 17481 954521 954521 60931 893590 0 0 0 0 0 215002776 213576373 60931 1365472 0 0 0 14694274 1166169 0 14358282 2927281 0 1279606 0 280882 0 0 0 0 0 0 0 0 0 0 2184228 0 124841 11300154 0 13310812 0 ADMIN. & GENERAL 2067979 DISTRIBUTION OPERATION 3781351 DISTRIBUTION MAINTENANCE 6857034 COST OF POWER 148680768 -7528414 215485247 0 0 0 7166978 7031731 50338291 8940187 0 24140137 27387511 0 0 0 13010090 10107985 11638787 10344387 431864702 149410665 264648984 282454037 0 0 39298815 41280836 0 919729 913540 411161811 388460214 22097770 16945158 276461549 247201741 11757391 12173325 310316710 276320224 X 100845101 112139990 100845101 112139990 411161811 388460214 X -482471 11777360 X false true X true true true 3366771 3366771 428497931 149410665 279087266 282454037 41280836 Other current liabilites 1845606 Other 124529 Deferred rate mitigation 3750000 Customer advances 496075 CONSUMER DEPOSITS 5726736 Advance pole rentals 230379 12173325 216035541 216035541 -1032765 -1032765 215002776 200808454 200808454 14676793 14676793 215485247 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S 990 T EXPENSES NETTED AGAINST REVENUES $-17481 patronage div credited to members' accts $14694274 X true true X X X X X false false false Wayne D Hannah Jr 115971 6432 1935 29728 6924 160990 Myron D Rummel 360655 19958 3520 140774 7220 532127 John Coffey III 146588 6442 1615 28915 6924 190484 JEFFERY HARMON 121135 6313 1746 64007 5129 198330 Greg Rogers 122863 5570 1285 19861 6873 156452 D SCOTT AUSTIN 129425 500 630 19633 2553 152741 Allen R Ritchie 148716 6379 2037 103030 5300 265462 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. 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 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. 990 Part IX Line 4 Benefits paid to or for members Patronage dividends are paid to members' accounts in accordance with the pre-existing obligation in the Cooperative's by-laws. The Cooperative is obligated to credit 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. 990 Part IX Line 17 Travel 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 Retirement of Capital Credits = -$4026084 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases patronage div. credited to members' accts not exp. per gaap = $14694274 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases noncash patronage capital allocations not revenue per IRS = $2026426 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases Net Change in memberships = -$16835 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Net Change in Donated Capital = $93240 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 = -$993661 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available GOVERNING DOCUMENTS, POLICIES, FORM 990 AND FINANCIAL STATEMENTS ARE ALWAYS AVAILABLE UPON REQUEST. BYLAWS,RATES AND TERMS ARE DISCLOSED ON THE COOPERATIVES WEBSITE. FINANCIAL INFORMATION IS PRESENTED TO THE MEMBERSHIP EACH YEAR AT THE ANNUAL MEETING. THIS INFORMATION IS ALSO PUBLISHED IN THE COOPERATIVE'S MAGAZINE COOPERATIVE LIVING WITH LINKS AVAILABLE ON THE WEBSITE. 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'S COMPENSATION AND BENEFITS COMMITTEE DOES AN ANNUAL REVIEW OF OFFICERS AND KEY EMPLOYEE'S COMPENSATION AND BENEFITS. THIS IS DONE AFTER A THIRD PARTY REVIEW OF THE OVERALL COMPENSATION. Form 990, Part VI, Line 15a Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE GOVERNING BOARD'S COMPENSATION AND BENEFITS COMMITTEE DOES AN ANNUAL REVIEW OF THE CEO'S COMPENSATION AND BENEFITS. THIS IS DONE AFTER A THIRD PARTY REVIEW AND RECOMMENDATION. 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. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process THE VICE PRESIDENT OF FINANCE REVIEWS THE 990 WITH THE BOARD PRIOR TO FILING WITH THE IRS. 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 required by state law and 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. THE BOARD HAS regular MONTHLY MEETINGS. AN ANNUAL MEETING 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 SHENANDOAH VALLEY ELECTRIC COOPERATIVE IS AN ELECTRIC MEMBERSHIP COOPERATIVE THAT DELIVERS ELECTRICITY TO THE MEMBERS OF SVEC.