CRAIG-BOTETOURT ELECTRIC CO-OPERATIVE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CRAIG-BOTETOURT ELECTRIC CO-OPERATIVE (EIN 54-0183175)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-09
- IRS object ID
- 201231309349301948
- 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 | 2012-05-09T15:38:49-05:00 | 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 | 540183175 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CRAIG-BOTETOURT ELECTRIC COOPERATIVE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CRAI | NameControl |
| Phone | 5408645121 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 265 | AddressLine1 |
| City | NEW CASTLE | City |
| State | VA | State |
| ZIP Code | 24127 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SHAWN C HILDEBRAND | Name |
| Title | GENERAL MANAGER | Title |
| Phone | 5408645121 | 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 | SHAWN C HILDEBRAND | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 265 | AddressLine1 |
| City | NEW CASTLE | City |
| State | VA | State |
| ZIP Code | 24127 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 12456660 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.CBEC.COOP | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1936 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 30 | 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 | 11931881 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12426264 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 22973 | InvestmentIncomePriorYear |
| Investment Income Current Year | 24006 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2162 | OtherRevenuePriorYear |
| Other Revenue Current Year | 6390 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 11957016 | TotalRevenuePriorYear |
| Total Revenue Current Year | 12456660 | 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 | 141642 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 318913 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 753629 | 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 | 10595526 | OtherExpensePriorYear |
| Other Expenses Current Year | 11820794 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 10914439 | TotalExpensesPriorYear |
| Total Expenses Current Year | 12716065 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1042577 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -259405 | RevenuesLessExpensesCY |
| Total Assets BOY | 29811369 | TotalAssetsBOY |
| Total Assets EOY | 28750440 | TotalAssetsEOY |
| Total Liabilities BOY | 17784592 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 17733603 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 12026777 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 11016837 | NetAssetsOrFundBalancesEOY |
| Mission Description | SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Revenue | 12202257 | Revenue |
| Description | SALE AND DISTRIBUTION OF ELECTRICITY 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 | 0 | 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 | 0 | 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 | 12 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 30 | 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 | 12178251 | GrossIncomeFromMembers |
| Gross Income Other Sources | 30396 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | 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 | 1 | 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 | 1 | 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 | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE COOPERATIVE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5408645121 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 265 | AddressLine1 |
| City | NEW CASTLE | City |
| State | VA | State |
| ZIP Code | 24127 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (7 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| CLELL R CLEMONS JR | |||||||
| DIRECTOR | 3.00 | X | 5400 | 0 | 0 | ||
| FRANK R GARMAN JR | |||||||
| PRESIDENT | 3.00 | X | 4958 | 0 | 0 | X | |
| JAMES E HUFFMAN | |||||||
| VICE PRESIDENT | 3.00 | X | 4600 | 0 | 0 | X | |
| PATRICK J RYAN | |||||||
| SECRETARY/TREASURER | 3.00 | X | 5251 | 0 | 0 | X | |
| C D HYPES | |||||||
| DIRECTOR | 3.00 | X | 4418 | 0 | 0 | ||
| JASPER B PERSINGER JR | |||||||
| ASST. SECRETARY/TREASURER | 3.00 | X | 4785 | 0 | 0 | X | |
| SHAWN HILDEBRAND | |||||||
| GENERAL MANAGER | 40.00 | 101467 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 130879 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ASPLUNDH | |||||
| PO BOX 532729 | ATLANTA | GA | 303532729 | RIGHT OF WAY CLEARING | 618450 |
| DAVIS H ELLIOT | |||||
| PO BOX 37251 | BALTIMORE | MD | 219273251 | CONSTRUCTION AND REPAIR OF LINES | 126816 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| ELECTRICITY TO MEMBERS | 221000 | 12014601 | 12014601 | |
| POLE RENTAL | 221000 | 248013 | $248,013 | |
| CONTRIBUTIONS IN AID | 221000 | 125778 | 125778 | |
| PATRONAGE ALLOCATION | 221000 | 37872 | 37872 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12426264 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24006 | TotalRevenueColumn |
| Related Or Exempt Function Income | 24006 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER NON-OPERATING | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 6390 | TotalRevenueColumn |
| Exclusion | $6,390 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 6390 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12456660 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12202257 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $254,403 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141642 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29411 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 285012 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 439206 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157141 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 289 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115743 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19945 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16914 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1678 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38631 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 787613 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27827 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 928735 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44797 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 6733349 |
| DISTRIBUTION MAINTENANC | 1171467 |
| DISTRIBUTION OPERATION | 885979 |
| CONSUMER ACCOUNTS | 487847 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 402839 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12716065 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1071018 | BOY |
| EOY | 616886 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1635653 | BOY |
| EOY | 1431828 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 306314 | BOY |
| EOY | 364996 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1115202 | BOY |
| EOY | 565645 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 33403876 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 8345903 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24990962 | BOY |
| EOY | 25057973 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 675812 | BOY |
| EOY | 697215 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16408 | BOY |
| EOY | 15897 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29811369 | BOY |
| EOY | 28750440 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1419751 | BOY |
| EOY | 1729983 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16128629 | BOY |
| EOY | 15665747 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 236212 | BOY |
| EOY | 337873 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17784592 | BOY |
| EOY | 17733603 | 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 | 12026777 | BOY |
| EOY | 11016837 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12026777 | BOY |
| EOY | 11016837 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29811369 | BOY |
| EOY | 28750440 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -259405 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -750535 | 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 | 94317 | OtherCostOrOtherBasis |
| Book Value | 94317 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 726537 | OtherCostOrOtherBasis |
| Depreciation | 276462 | Depreciation |
| Book Value | 450075 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 32583022 | OtherCostOrOtherBasis |
| Depreciation | 8069441 | Depreciation |
| Book Value | 24513581 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 25057973 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CONSUMER DEPOSITS | $170,379 |
| DEFERRED CREDITS | $167,494 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 337873 | TotalOfAmounts |
| Total Revenue | 12456660 | TotalRevenue |
| Total Expenses | 12716065 | TotalExpenses |
| Excess Or Deficit For Year | -259405 | ExcessOrDeficitForYear |
| Prior Period Adjustments | -624882 | PriorPeriodAdjustments |
| Other | -$125,653 | OtherAmount |
| Total Adjustments | -750535 | TotalAdjustments |
| Excess Or Deficit Per FS | -1009940 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 12330882 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 12330882 | RevenueSubtotal |
| Other Revenues Not Included | 125778 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 125778 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 12456660 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 12574423 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 12574423 | ExpensesSubtotal |
| Other Expenses Not Included | 141642 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 141642 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 12716065 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CONTRIBUTIONS IN AID -125,778. CHANGE IN MEMBERSHIPS 125. TOTAL TO SCHEDULE D, PART XI, LINE 8: -125,653. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | CONTRIBUTIONS IN AID 125,778. |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | PATRONAGE DIVIDENDS PAID 141,642. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | CRAIG-BOTETOURT 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 A, LINE 7B | IN ACCORDANCE WITH THE COOPERATIVE'S BYLAWS, THE DECISION TO DISSOLVE THE COOPERATIVE WOULD BE SUBJECT TO APPROVAL BY MEMBERS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | EACH MEMBER OF THE BOARD IS GIVEN A COPY OF FORM 990 TO REVIEW. AFTER THERE HAS BEEN SUFFICIENT TIME FOR THE BOARD MEMBERS TO REVIEW THE 990, A MEETING BETWEEN THE BOARD AND THE CPA FIRM THAT PREPARED THE 990 WILL TAKE PLACE TO DISCUSS THE 990 AND ANSWER ANY QUESTIONS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL BOARD MEMBERS AND MANAGEMENT ARE REQUIRED TO SIGN A STATEMENT REVEALING ANY CONFLICT OF INTEREST AND THE ABSENCE THEREOF. THE STATEMENTS WILL BE SIGNED ANNUALLY. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COOPERATIVE USED A MEMBER OF THE MANAGERS SEARCH TEAM FROM NRECA TO ASSIST IN THE GENERAL MANAGER'S SALARY EVALUATION. THE GENERAL MANAGER'S SALARY WAS ALSO COMPARED TO THE NATIONAL AVERAGE OF THE LOWER 25 PERCENTILE FOR COOPERATIVES OF CRAIG-BOTETOURT'S SIZE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO ITS MEMBERS AT THE COOPERATIVE'S ANNUAL MEMBERSHIP BUSINESS MEETING AND IS INCLUDED IN A NEW MEMBER'S PACKET WHEN APPLYING FOR ELECTIC SERVICE. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO MEMBERS AT THE COOPERATIVE'S ANNUAL MEETING AND UPON INDIVIDUAL REQUEST. THE COOPERATIVE'S CONFLICT OF INTEREST POLICY WOULD BE MADE AVAILABLE TO MEMBERS UPON INDIVIDUAL REQUEST. THESE ITEMS MENTIONED ABOVE ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC WITH THE FILING OF IRS FORM 990 AND THE REQUIRED FILINGS WITH RURAL UTILITIES SERVICES IN WASHINGTON, D.C. | |
| 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 AND THERE ARE NO INSTANCES OF DEFAULT. 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. | EXPLANATION FOR PATRONAGE DIVIDEND PAID |
| FORM 990, PART XI, LINE 5: | PRIOR PERIOD ADJUSTMENTS: -624,882. CONTRIBUTIONS IN AID -125,778. CHANGE IN MEMBERSHIPS 125. TOTAL TO FORM 990, PART XI, LINE 5: -750,535. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| THERE ARE NO CHANGES IN PROCEDURES FROM PRIOR YEARS. |