PRINCE GEORGE ELECTRIC COOPERATIVE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PRINCE GEORGE ELECTRIC COOPERATIVE (EIN 54-0346866)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-08
- IRS object ID
- 201221299349300117
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-08T08:12:01-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540504608 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BROWN EDWARDS & COMPANY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 319 MCCLANAHAN ST SW | AddressLine1 |
| City | ROANOKE | City |
| State | VA | State |
| ZIP Code | 24014 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540346866 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRINCE GEORGE ELECTRIC COOPERATIVE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PRIN | NameControl |
| Phone | 8048342424 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7103 GENERAL MAHONE HIGHWAY | AddressLine1 |
| City | WAVERLY | City |
| State | VA | State |
| ZIP Code | 23890 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | M DALE BRADSHAW | Name |
| Title | CHIEF EXECUTIVE OFFICER | Title |
| Phone | 8048342424 | Phone |
| Date Signed | 2012-04-25 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JASON A HARTMAN | Name |
| PTIN | P00059980 | PTIN |
| Phone | 5403450936 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | M DALE BRADSHAW | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7103 GENERAL MAHONE HIGHWAY | AddressLine1 |
| City | WAVERLY | City |
| State | VA | State |
| ZIP Code | 23890 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 34137128 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.PGEC.COOP | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | COOPERATIVE | TypeOfOrgOtherDescription |
| Year Formation | 1938 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 49 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 35875218 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 34045506 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 29866 | InvestmentIncomePriorYear |
| Investment Income Current Year | 35969 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 765 | OtherRevenuePriorYear |
| Other Revenue Current Year | 30070 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 35905849 | TotalRevenuePriorYear |
| Total Revenue Current Year | 34111545 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 1496250 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 852074 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 941754 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 30721310 | OtherExpensePriorYear |
| Other Expenses Current Year | 31664142 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 31573384 | TotalExpensesPriorYear |
| Total Expenses Current Year | 34102146 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 4332465 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 9399 | RevenuesLessExpensesCY |
| Total Assets BOY | 59841462 | TotalAssetsBOY |
| Total Assets EOY | 59766650 | TotalAssetsEOY |
| Total Liabilities BOY | 30872333 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 30775162 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 28969129 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 28991488 | NetAssetsOrFundBalancesEOY |
| Mission Description | SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Revenue | 34111545 | Revenue |
| Description | SALE AND DISTRIBUTION OF ELECTRICY TO MEMBERS. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 27 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 49 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Gross Income From Members | 33700632 | GrossIncomeFromMembers |
| Gross Income Other Sources | 410913 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JILL MCKENZIE | NamePerson |
| Telephone Number | 8048342424 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7103 GENERAL MAHONE HIGHWAY | AddressLine1 |
| City | WAVERLY | City |
| State | VA | State |
| ZIP Code | 23890 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (12 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| GLENN F CHAPPELL | ||||||||
| CHAIRMAN | 1.00 | X | X | 24550 | 0 | 0 | ||
| HERBERT F SCOTT JR | ||||||||
| VICE CHAIRMAN | 1.00 | X | X | 10000 | 0 | 0 | ||
| PAUL H BROWN | ||||||||
| SECRETARY-TREASURER | 1.00 | X | X | 12550 | 0 | 0 | ||
| RICHARD B SCOTT | ||||||||
| ASST. SECRETARY-TREASURER | 1.00 | X | X | 11250 | 0 | 0 | ||
| JOHN M BROCK JR | ||||||||
| DIRECTOR | 1.00 | X | 16600 | 0 | 0 | |||
| CHRISTOPHER T PARKER | ||||||||
| DIRECTOR | 1.00 | X | 10450 | 0 | 0 | |||
| HERBERT R PATRICK | ||||||||
| DIRECTOR | 1.00 | X | 15950 | 0 | 0 | |||
| DR ALBERT W THWEATT | ||||||||
| DIRECTOR | 1.00 | X | 16600 | 0 | 0 | |||
| RANDOLPH G WILLIAMS | ||||||||
| DIRECTOR | 1.00 | X | 21200 | 0 | 0 | |||
| M DALE BRADSHAW | ||||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | 245158 | 0 | 43969 | X | |||
| MICHAEL EDWARD MALANDRO | ||||||||
| MANAGER OF ENGINEERING | 40.00 | 104297 | 0 | 764 | X | |||
| ROBERT HOWARD HALL | ||||||||
| MANAGER OF COOPERATIVE SERVICS | 40.00 | 112233 | 0 | 6391 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 600838 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 51124 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| OLD DOMINION ELECTRIC COOPERATIVE | |||||
| 4201 DOMINION BLVD | GLEN ALLEN | VA | 23060 | POWER SUPPLY | 21662000 |
| LEWIS TREE SERVICE | |||||
| PO BOX 8000 | BUFFALO | NY | 14267 | RIGHT OF WAY | 610089 |
| HUGHES SUPPLY INC | |||||
| PO BOX 840123 | DALLAS | TX | 75284 | LINE MATERIALS | 459542 |
| WAUKESHA ELECTRIC SYSTEMS | |||||
| PO BOX 277322 | ATLANTA | GA | 30384 | TRANSFORMER REPAIR | 296299 |
| NRTC | |||||
| PO BOX 1506 | MERRIFIELD | VA | 22166 | LINE MATERIALS | 240953 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 10 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| ELECTRICITY TO MEMBERS | 221000 | 33700632 | 33700632 |
| PATRONAGE ALLOCATIONS | 221000 | 344874 | 344874 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 34045506 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 61552 | TotalRevenueColumn |
| Related Or Exempt Function Income | 61552 | RelatedOrExemptFunctionIncome |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 25583 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -25583 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -25583 | TotalRevenueColumn |
| Related Or Exempt Function Income | -25583 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER NON-OPERATING IN | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 30070 | TotalRevenueColumn |
| Related Or Exempt Function Income | 30070 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 30070 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 34111545 | TotalRevenueColumn |
| Related Or Exempt Function Income | 34111545 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1496250 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 384308 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 557446 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51952 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15400 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15509 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141206 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 206868 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 81899 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37863 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1328200 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2021814 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16625 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 22554486 |
| DISTRIBUTION MAINTENANC | 1914068 |
| DISTRIBUTION OPERATION | 1016397 |
| CONSUMER ACCOUNTS | 904115 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1357740 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34102146 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 692454 | BOY |
| EOY | 1349414 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4770602 | BOY |
| EOY | 3999195 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 741866 | BOY |
| EOY | 736274 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 94216 | BOY |
| EOY | 152693 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 61099765 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 21071766 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40418114 | BOY |
| EOY | 40027999 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13124210 | BOY |
| EOY | 13445259 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 55816 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59841462 | BOY |
| EOY | 59766650 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1517158 | BOY |
| EOY | 2144559 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26342102 | BOY |
| EOY | 25576569 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3013073 | BOY |
| EOY | 3054034 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30872333 | BOY |
| EOY | 30775162 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28969129 | BOY |
| EOY | 28991488 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28969129 | BOY |
| EOY | 28991488 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59841462 | BOY |
| EOY | 59766650 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 9399 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 12960 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1914692 | OtherCostOrOtherBasis |
| Book Value | 1914692 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2468501 | OtherCostOrOtherBasis |
| Depreciation | 1019849 | Depreciation |
| Book Value | 1448652 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 55116178 | OtherCostOrOtherBasis |
| Depreciation | 20051917 | Depreciation |
| Book Value | 35064261 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1600394 | OtherCostOrOtherBasis |
| Book Value | 1600394 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 40027999 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (7 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION | 465527 | C |
| COOPERATIVE RESPONSE CENTER MEMBER CAPITAL SECURITIES | 21200 | C |
| VA, MD, DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES | 9960 | C |
| OLD DOMINION ELECTRIC COOPERATIVE CAPITAL ALLOCATIONS | 12322659 | C |
| TEC STOCK | 172500 | C |
| PATRONAGE CAPITAL ALLOCATIONS | 452388 | C |
| VARIOUS MEMBERSHIP FEES | 1025 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 13445259 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (7 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CONSUMER DEPOSITS | $1,005,115 |
| ACCRUED TAXES | $2,574 |
| OTHER CURRENT AND ACCRUED LIABILITIES | $790,535 |
| ACCUMULATED PROVISION FOR POSTRETIREMENT BENEFITS OTHER THAN PENSIONS | $196,142 |
| RESERVE FOR STORM DAMAGE | $523,374 |
| DEFERRED CREDITS | $503,287 |
| DEFERRED COMPENSATION LIABILITY | $33,007 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3054034 | TotalOfAmounts |
| Total Revenue | 34111545 | TotalRevenue |
| Total Expenses | 34102146 | TotalExpenses |
| Excess Or Deficit For Year | 9399 | ExcessOrDeficitForYear |
| Other | $12,960 | OtherAmount |
| Total Adjustments | 12960 | TotalAdjustments |
| Excess Or Deficit Per FS | 22359 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 34111545 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 34111545 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 34111545 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 31919215 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 31919215 | ExpensesSubtotal |
| Other Expenses Not Included | 2182931 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2182931 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 34102146 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CHANGE IN MEMBERSHIPS -245. CHANGE IN OTHER COMPREHENSIVE INCOME -75,400. CHANGE IN CAPITAL CREDIT GAINS 88,605. TOTAL TO SCHEDULE D, PART XI, LINE 8: 12,960. |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | EXPENSES RELATED TO PRIOR PERIOD ADJ FOR 2010 990 TO 2011 PATRONAGE DIVIDENDS PAID |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | M DALE BRADSHAW | NamePerson |
| Base Compensation Filing Org | 245158 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 22000 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 21969 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 289127 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | PRINCE GEORGE ELECTRIC IS AN ELECTRIC DISTRIBUTION SYSTEM. EACH PROSPECTIVE CONSUMER/MEMBER REQUESTING ELECTRIC SERVICE SHALL SIGN THE COOPERATIVE'S APPLICATION FOR MEMBERSHIP AND SUPPLY THE COOPERATIVE WITH SUCH CREDIT REFERENCES AS MAY BE REQUESTED. THERE IS A MEMBERHSIP FEE OF $5.00. | |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH CONSUMER/MEMBER IS AFFORDED ONE VOTE ANNUALLY IN THE ELECTION OF SPECIFIED BOARD SEAT. | |
| FORM 990, PART VI, SECTION B, LINE 11 | NO REVIEW WILL BE CONDUCTED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICTS OF INTEREST WHETHER ACTUAL OR PERCEIVED ARE PROHIBITED. ANY CONFLICT OR POTENTIAL CONFLICT MUST BE REPORTED TO CEO, CHAIRMAN OF BOARD, COMPLIANCE OFFICER, OR AUDIT COMMITTEE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | PGEC UTILIZES 3RD PARTY CONTRACTOR TO DETERMINE SALARY RANGES. THESE ARE BASED ON POSITION, GEOGRAPHIC LOCATION, AND COMPARISON TO OTHER ORGANIZATIONS | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| LINE 4 | UNDER PROVISIONS OF THE LONG-TERM DEBT AGREEMENT AND TITLE 7 OF THE CODE OF FEDERAL REGULATIONS (PART 1717.617), THE COOPERATIVE MAY REFUND CAPITAL TO PATRONS WITHOUT LIMITATION IF TOTAL EQUITY IS EQUAL TO OR GREATER THAN 30% OF TOTAL ASSETS, THERE ARE NO INSTANCES OF DEFAULT, AND AFTER GIVING EFFECT TO THE REFUND, CURRENT ASSETS ARE NOT LESS THAN CURRENT LIABILITIES. IF EQUITIES ARE BETWEEN 20% AND 30% OF TOTAL ASSETS, GENERAL REFUNDS ARE LIMITED TO 25% (ADJUSTED FOR RETURNS TO ESTATES, WHICH ARE NOT LIMITED) OF THE PATRONAGE CAPITAL OR MARGINS RECEIVED IN THE NEXT PRECEDING YEAR. | INTERPRETATION FOR PATRONAGE DIVIDENDS PAID |
| FORM 990, PART XI, LINE 5: | CHANGE IN MEMBERSHIPS -245. CHANGE IN OTHER COMPREHENSIVE INCOME -75,400. CHANGE IN CAPITAL CREDIT GAINS 88,605. TOTAL TO FORM 990, PART XI, LINE 5: 12,960. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| THIS PROCESS IS UNCHANGED FROM THE PRIOR YEAR. |