2012-11-15T11:11:16-08:00 2011-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2011-01-01 540164798 CENTRAL VIRGINIA ELECTRIC COOPERATIVE CENT 4342638336 PO BOX 247 LOVINGSTON VA 22949 GARY E WOOD 2012-11-15 true G STEVEN GILLIAM CPA 8043231313 2011 2016-02-24 21:20:13Z GARY E WOOD 800 Cooperative Way Arrington VA 22922 62918464 false false X N/A X 1937 VA SAfe and effective DISTRIBUTION OF ELECTRICITY TO the members of Central Virginia Electric Cooperative 9 9 114 5240 4240 0 61040099 62531710 37727 57508 161767 174549 61239593 62763767 0 3526704 9431933 10024209 0 0 47502215 48901153 56934148 62452066 4305445 311701 153211318 155009298 108221298 107684148 44990020 47325150 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 $34,909,987SALARIES AND WAGES $6,754,924DEPRECIATION $5,985,349 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 47 0 true 114 true true true false false false false false false false false false 62092412 657183 false false false false X 9 9 false false false false true true true true false false false false true true true true true true true true false false VA X THE CORPORATION 4342638336 800 COOPERATIVE WAY ARRINGTON VA 22922 ROBERT M DUNCAN 8.00 X X 19800 0 0 K M BEASLEY JR 2.00 X 20800 0 0 GEORGE GOIN 15.00 X 22200 0 0 HT Brown JR 10.00 X X 21000 0 0 ROBERTA HARLOWE 9.00 X 20600 0 0 HENRY CHILES 10.00 X 18200 0 0 JACE GOODLING 9.00 X 20400 0 0 R KINKLE ROBINSON 8.00 X X 20600 0 0 GLORIA W VEST 10.00 X X 22400 0 0 JENNIFER TURNER 55.00 X 147635 0 72529 GARY E WOOD 55.00 X 247403 0 132390 CHARLES MAURHOFF 45.00 X 128862 0 47534 Jason Prechel 55.00 X 105823 0 26338 Robert Harris 40.00 X 108675 0 36045 924398 314836 5 false true false OSMOSE INC PO BOX 8000 BUFFALO NY 14267 ROW CLEARING 237166 MAYS BUSHHOGGING & LAWN CARE 2306 N AMHERST HWY AMHERST VA 24521 TREE TRIMMING Cont. 200647 LEWIS TREE SERVICE INC PO BOX 731897 DALLAS TX 753731897 Tree Trimming Cont. 539906 GD FERGUSON & CO INC 235 Cat Rock Mtn Ln Roseland VA 22967 Tree Trimming Cont. 480606 CW WRIGHT CONSTRUCTION INC 11500 IRONBRIDGE RD CHESTER VA 23821 CONSTRUCTION 324453 8 0 SALE & DIST. OF ELECT. 62092412 62092412 PATRONAGE ALLOCATIONS REC 104649 104649 CONTRIB. IN AID OF CONST. 334649 334649 62531710 35226 35226 0 0 168869 168869 168869 168869 176979 154697 22282 22282 22282 0 0 0 Other 440 440 CEVA Cents 900099 5240 5240 5680 62763767 62554432 5240 204095 0 0 0 3526704 962353 0 6754924 1434088 290538 582306 0 135685 0 0 0 0 0 0 0 0 0 0 0 0 0 4868753 0 5985349 0 DISTRIBUTION - OPERATION 1791841 DISTRIBUTION - MAINTENANCE 3189013 COST OF POWER 34909987 CONSUMER ACCOUNTS 1011327 ADMINISTRATIVE & GENERAL 1145970 -4136772 62452066 0 0 0 2119014 2531015 51613 61549 0 5976577 5619912 0 0 0 1866345 1741343 12365407 9345965 188617069 55697900 127844177 132919169 0 308853 0 2106560 2181295 0 572772 609050 153211318 155009298 5619850 4158905 94769526 96038673 7831922 7486570 108221298 107684148 X 44990020 47325150 44990020 47325150 153211318 155009298 X 311701 2023429 X false true true X false false 188617069 55697900 132919169 132919169 MEMBERSHIP FEES 3471 C CAPITAL TERM CERTIFICATES 1261385 C PATRONAGE CAPITAL ALLOCATIONS 916439 C DEFERRED CREDITS 2681891 DEFERRED COMPENSATION 451366 CONSUMER DEPOSITS 1400191 ACCRUED POSTRETIREMENT BENEFIT COST 2953122 7486570 62763767 62452066 311701 3276106 3276106 3587807 62511084 84051 84051 62427033 336734 336734 62763767 58923277 58923277 3528789 3528789 62452066 Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S Patronage Div. paid to members' accts. $3526704 Salary allocations $2085 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S contributions in aid of construction $334649 Salary allocations $2085 Part XII, Line 2d Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990 non-cash patronage allocation adjustment $84051 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances NON-CASH PATRONAGE ALLOCATIONS NOT REVENUE PER IRS $84051 PATRONAGE DIV PAID TO MEMBERS' ACCTS NOT EXPENSE PER GAAP $3526704 OTHER $82675 CONTRIBUTIONS IN AID OF CONSTRUCTION NOT REVENUE PER GAAP $ -334649 UNRECOGNIZED POSTRETIREMENT BENEFIT COST $ -189177 NET Retirement of Capital Credits $ -1146175 X X X X X false false false JENNIFER TURNER 147635 62954 9575 220164 GARY E WOOD 247403 132390 379793 CHARLES MAURHOFF 128862 33568 13966 176396 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. THE TOTAL PAID FOR 2010 WAS $3,944,052. 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. 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 11 Form 990, Part VI, Line 11: Form 990 Review Process The CEO and VP of Customer Service and Finance and manager of Finance and Administration review a draft of the 990. The 990 was reviewed with the board of directors 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.