RAPPAHANNOCK ELECTRIC COOPERATIVE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- RAPPAHANNOCK ELECTRIC COOPERATIVE (EIN 54-1135340)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-09-17
- IRS object ID
- 201232629349300018
- 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 | 2012-09-17T15:50:43-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541135340 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RAPPAHANNOCK ELECTRIC COOPERATIVE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | RAPP | NameControl |
| Phone | 5408988500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 7388 | AddressLine1 |
| City | FREDERICKSBURG | City |
| State | VA | State |
| ZIP Code | 224047388 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Kent D Farmer | Name |
| Title | President and CEO | Title |
| Phone | 5408988500 | Phone |
| Date Signed | 2012-09-18 | DateSigned |
| 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 | Kent D Farmer | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 7388 | AddressLine1 |
| City | FREDERICKSBURG | City |
| State | VA | State |
| ZIP Code | 224047388 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 423459289 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.myrec.coop | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1980 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | Sale and distribution of electricity. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 422 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 136664 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4111582 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4123271 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 358741674 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 417836156 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 636259 | InvestmentIncomePriorYear |
| Investment Income Current Year | 349132 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 620987 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1150730 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 364110502 | TotalRevenuePriorYear |
| Total Revenue Current Year | 423459289 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 26442 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 38830 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 32079566 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 30908670 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 35493961 | 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 | 309358739 | OtherExpensePriorYear |
| Other Expenses Current Year | 366246410 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 340293851 | TotalExpensesPriorYear |
| Total Expenses Current Year | 433858767 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 23816651 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -10399478 | RevenuesLessExpensesCY |
| Total Assets BOY | 759029987 | TotalAssetsBOY |
| Total Assets EOY | 754420378 | TotalAssetsEOY |
| Total Liabilities BOY | 456186324 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 437342768 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 302843663 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 317077610 | NetAssetsOrFundBalancesEOY |
| Mission Description | To enhance the lives of our customers by providing reliable electric service, dependable products and support to the communities we serve. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | Distributed electricity to 156,160 members | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Connected 1,538 new services | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Energized 168 additional miles of line | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| 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 | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | 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 | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 1 | 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 | 1 | 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 | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 110 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 422 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| 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 |
| Gross Income From Members | 410782732 | GrossIncomeFromMembers |
| Gross Income Other Sources | 11662491 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | 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 | 1 | 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 | 5408988500 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 247 Industrial Court | AddressLine1 |
| City | Fredericksburg | City |
| State | VA | State |
| ZIP Code | 22408 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| Richard C Oliver | ||||||||
| Chairman | 10.00 | X | X | 33900 | 0 | 0 | ||
| Darlene H Carpenter | ||||||||
| Vice Chairman | 9.00 | X | X | 33700 | 0 | 0 | ||
| Linda R Gray | ||||||||
| Secretary | 7.00 | X | X | 33500 | 0 | 0 | ||
| William E Lane | ||||||||
| Treasurer | 9.50 | X | X | 33400 | 0 | 0 | ||
| William M Alphin | ||||||||
| Director | 6.50 | X | 30400 | 0 | 0 | |||
| Frank B Boxley Jr | ||||||||
| Director | 8.00 | X | 33700 | 0 | 0 | |||
| William C Frazier | ||||||||
| Director | 9.50 | X | 25700 | 0 | 0 | |||
| Thomas T Grady | ||||||||
| Director | 8.00 | X | 30300 | 0 | 0 | |||
| A Nash Johnston | ||||||||
| Director | 10.00 | X | 24400 | 0 | 0 | |||
| Michael W Lindsay | ||||||||
| Director | 20.00 | X | 31500 | 0 | 0 | |||
| Christopher G Shipe | ||||||||
| Director | 10.00 | X | 26700 | 0 | 0 | |||
| Kent D Farmer | ||||||||
| President and CEO | 40.00 | X | 495152 | 0 | 145622 | |||
| Craig B Lewis | ||||||||
| Vice President of Corp Serv | 40.00 | X | 208434 | 0 | 56624 | |||
| Deanna C Kurz | ||||||||
| Assistant Secretary | 40.00 | X | 100686 | 0 | 27848 | |||
| David F Koogler | ||||||||
| Vice President of Customer Serv | 40.00 | X | 172111 | 0 | 24788 | |||
| Timothy C Martin | ||||||||
| Vice President of Eng & Operations | 40.00 | X | 156933 | 0 | 47180 | |||
| Rhonda F Curtis | ||||||||
| Mgr Communications & Public Relations | 40.00 | 163977 | 0 | 42595 | X | |||
| Ronald W Harris | ||||||||
| Mgr Eng & Power Supply | 40.00 | 143979 | 0 | 51477 | X | |||
| Robert W Beard | ||||||||
| District Manager Culpeper | 40.00 | 151643 | 0 | 52272 | X | |||
| Robert A Ellis | ||||||||
| Senior Business Advisor | 40.00 | 186517 | 0 | 64147 | X | |||
| Lloyd R Bywaters | ||||||||
| District Manager Bowling Green | 40.00 | 153555 | 0 | 34708 | X | |||
| J Bruce Barnett | ||||||||
| Former Vice Pres Corp Serv | 40.00 | 181650 | 0 | 0 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2451837 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 547261 | TotalOtherCompensation |
| Number Individuals GT100 K | 83 | NumberIndividualsGT100K |
| Formers Listed | 1 | 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 |
|---|---|---|---|---|---|
| LEWIS TREE SERVICE INC | |||||
| DEPT 886 P O BOX 8000 | BUFFALO | NY | 14267 | Right-of-way maintenance | 4439210 |
| WOLF TREE EXPERTS INC | |||||
| P O BOX 415000-0046 | NASHVILLE | TN | 372410046 | Right-of-way maintenance | 3683470 |
| LOCKHEED MARTIN GOVERNMENT INC | |||||
| 2339 ROUTE 70 WEST | CHERRY HILL | NJ | 080023315 | Information technology services | 3368411 |
| C W WRIGHT CONSTRUCTION CO INC | |||||
| P O BOX 3810 | CHESTER | VA | 23831 | New line construction | 3363317 |
| T & D SOLUTIONS LLC | |||||
| P O BOX 11948 | ALEXANDRIA | LA | 71315 | Substation maintenance | 1926188 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 29 | NumberOfContractorsGT100K |
| Government Grants | 4123271 | GovernmentGrants |
| Total Contributions | 4123271 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Sale of electric energ | 221000 | 405544210 | 405544210 |
| Cont in aid of constru | 221000 | 6081972 | 6081972 |
| Other electric revenue | 221000 | 5321287 | 5321287 |
| Patronage capital | 221000 | 888687 | 888687 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 417836156 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 349132 | TotalRevenueColumn |
| Exclusion | $349,132 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 1014066 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 1014066 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1014066 | TotalRevenueColumn |
| Exclusion | $1,014,066 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|
| Unrelated debt-fin inc | 531120 | 39680 | 39680 |
| Training services | 611600 | 19990 | 19990 |
| Admin and support | 561000 | 4925 | 4925 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 72069 | TotalRevenueColumn |
| Unrelated Business Revenue | 72069 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 136664 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 423459289 | TotalRevenueColumn |
| Related Or Exempt Function Income | 417836156 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 136664 | UnrelatedBusinessRevenue |
| Exclusion | $1,363,198 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38830 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32079566 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1772578 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22667182 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4536187 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3962530 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2555484 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 172077 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115242 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 828521 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2943699 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4296003 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 569184 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 253701 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15781802 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27132862 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 732500 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Purchased power | 293773227 |
| Distribution expense-ma | 12230465 |
| Other miscellaneous exp | 4395304 |
| Distribution expense-op | 4308088 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -1286265 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 433858767 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4311769 | BOY |
| EOY | 3313399 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14262 | BOY |
| EOY | 37350 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48092244 | BOY |
| EOY | 33664188 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1456 | BOY |
| EOY | 617 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28854 | BOY |
| EOY | 20058 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5565362 | BOY |
| EOY | 5927591 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30176472 | BOY |
| EOY | 25405755 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 863102089 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 288918413 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 563025774 | BOY |
| EOY | 574183676 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2182789 | BOY |
| EOY | 2182659 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2251125 | BOY |
| EOY | 2247348 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 103379880 | BOY |
| EOY | 107437737 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 759029987 | BOY |
| EOY | 754420378 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 271927263 | BOY |
| EOY | 91078069 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 184259061 | BOY |
| EOY | 346264699 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 456186324 | BOY |
| EOY | 437342768 | 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 | 302843663 | BOY |
| EOY | 317077610 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 302843663 | BOY |
| EOY | 317077610 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 759029987 | BOY |
| EOY | 754420378 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -10399478 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 24633425 | 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 Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17495726 | OtherCostOrOtherBasis |
| Book Value | 17495726 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 845606363 | OtherCostOrOtherBasis |
| Depreciation | 288918413 | Depreciation |
| Book Value | 556687950 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 574183676 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (8 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ODEC pat cap assigned | 96139012 | C |
| CFC pat cap certificates | 1315295 | C |
| CoBank Class E stock | 3487395 | C |
| Other | 1890738 | C |
| Subscription cap. term cert | 2456879 | C |
| Loan cap term cert-int | 916150 | C |
| Loan cap term cert-nonint | 732268 | C |
| Member cap securities | 500000 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 107437737 | TotalOfBookValueProgramRelated |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: There is an adopted Board policy for donations. In general, the CEO is only authorized to request $1,000 or less. Those requests for greater than $1,000 are submitted to the Board. Donations will be granted in general proportion to number of members in each county in REC's territory. Only 501(c)3 organizations are eligible (no individuals). These organizations have to be located in and around REC's service territory and provide services to our members or employees. Finally, the organizations and causes must have broad community support, address specific community needs, and demonstrate fiscal and administrative stability. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (10 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kent D Farmer | |||||||||||||
| 495152 | 0 | 0 | 0 | 0 | 0 | 131257 | 0 | 14365 | 0 | 640774 | 0 | 0 | 0 |
| Craig B Lewis | |||||||||||||
| 208434 | 0 | 0 | 0 | 0 | 0 | 42259 | 0 | 14365 | 0 | 265058 | 0 | 0 | 0 |
| David F Koogler | |||||||||||||
| 172111 | 0 | 0 | 0 | 0 | 0 | 16500 | 0 | 8288 | 0 | 196899 | 0 | 0 | 0 |
| Timothy C Martin | |||||||||||||
| 156933 | 0 | 0 | 0 | 0 | 0 | 38892 | 0 | 8288 | 0 | 204113 | 0 | 0 | 0 |
| Rhonda F Curtis | |||||||||||||
| 163977 | 0 | 0 | 0 | 0 | 0 | 28230 | 0 | 14365 | 0 | 206572 | 0 | 0 | 0 |
| Ronald W Harris | |||||||||||||
| 143979 | 0 | 0 | 0 | 0 | 0 | 37112 | 0 | 14365 | 0 | 195456 | 0 | 0 | 0 |
| Robert W Beard | |||||||||||||
| 151643 | 0 | 0 | 0 | 0 | 0 | 37907 | 0 | 14365 | 0 | 203915 | 0 | 0 | 0 |
| Robert A Ellis | |||||||||||||
| 186517 | 0 | 0 | 0 | 0 | 0 | 49782 | 0 | 14365 | 0 | 250664 | 0 | 0 | 0 |
| Lloyd R Bywaters | |||||||||||||
| 153555 | 0 | 0 | 0 | 0 | 0 | 20343 | 0 | 14365 | 0 | 188263 | 0 | 0 | 0 |
| J Bruce Barnett | |||||||||||||
| 181650 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 181650 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 4b | ReturnReference |
| Explanation | Kent D Farmer-4100 | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable (2 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| Craig B Lewis | ||||||
| Employee computer purchase program | X | $1,001 | 13 | 0 | 1 | 1 |
| Rhonda F Curtis | ||||||
| Employee computer purchase program | X | $1,519 | 604 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 617 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|
| Darlene H Carpenter | ||
| Vice Chairman | Board Member of Old Dominion Electric Cooperative and Committee Member of Va Md Del Assoc of Electric Cooperatives | 0 |
| (no name) | ||
| 0 | ||
| (no name) | ||
| 0 | ||
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 6 | Any person or other legal entity who is able to enter into a legally binding contract will become a member of REC upon receipt of electric service from REC. | |
| Form 990, Part VI, Section A, line 7a | In any election for Board Director, each member shall have the right to vote for the duly nominated candidate of their choice in person at the annual meeting or upon a proxy form. | |
| Form 990, Part VI, Section A, line 7b | An action by the Board of Directors such as amending the Bylaws has to be adopted by an affirmative vote of not less than two-thirds of the members present in person or by proxy at any annual or special meeting of the members. | |
| Form 990, Part VI, Section B, line 11 | Approximately one month before the Form 990 is submitted to the IRS, the Board of Directors receives a copy of the form. REC's management reviews the Form 990 with the Board and answers any questions brought to their attention. | |
| Form 990, Part VI, Section B, line 12c | REC's conflict of interest questionaire is given out in February for the most current previous year and is filled out, signed and returned within two months. | |
| Form 990, Part VI, Section B, line 15 | REC's C.E.O. is reviewed by the Board of Directors for merit evaluation. Market adjustments are determined through Human Resources using comparable data. REC's other officers and key employees are reviewed by direct supervisors for merit evaluation. Market adjustments are determined through Human Resources using comparable data. | |
| Form 990, Part VI, Section C, line 18 | The Forms 990 and 990-T are available upon request. There is time and payment required for copying the forms. | |
| Form 990, Part VI, Section C, line 19 | REC's bylaws and audited financial statements are available upon request. These documents are readily available when requested and usually do not require time for copying or expense reimbursement. | |
| Form 990, Part IX, Line 4, Benefits paid to or for members: This is a new entry this year, not that it has never been done but has never been recorded as a functional expense. REC's bylaws state, "The Cooperative will assign by credits to a capital account for each patron all such amounts in excess of operating costs and expenses." This same dollar amount is shown in Part XI as a change in net assets or fund balances. | ||
| Form 990, Part XI, line 5: | Decrease in Memberships -4255. Retirement of Patronage Capital -3150155. Net Income of Subsidiary 12831. Contributions in Aid of Construction -6081972. Contributions in Aid of Construction-SMART Grid Investment Grant -2325359. Postretirement Benefit Plan Gain 86568. Difference in Cash Pat. Capital vs. Total Pat. Capital 4016201. Allocation of prior year's margins to members' Pat. Capital accounts 32079566. Total to Form 990, Part XI, Line 5: 24633425. | Changes in Net Assets or Fund Balances: |
| PART XII LINE 2C | No change was made to this procedure from the prior year. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| Project Big Heart | ||||||||||
| P O Box 7388 | Fredericksburg | VA | 22404 | 541681276 | Charitable giving within community | VA | 501(c)(3) | 7 | N/A | 0 |
| Community Awareness of Rappahannock Electric Charity | ||||||||||
| P O Box 7388 | Fredericksburg | VA | 22404 | 203160667 | Charitable giving within community | VA | 501(c)(3) | 7 | N/A | 0 |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rappahannock Electric Communications Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Post Office Box 8059 | AddressLine1 |
| City | Fredericksburg | City |
| State | VA | State |
| ZIP Code | 22404 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541509322 | EIN |
| Primary Activity | Markets and sells products and services | PrimaryActivity |
| Legal Domicile State | VA | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rappahannock Electric Cooperative | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 12831 | ShareOfTotalIncome |
| Share Of EOY Assets | 423699 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| Rappahannock Electric Communications Inc | ||
| A | 8785 | Market |
| Rappahannock Electric Communications Inc | ||
| K | 92701 | Market |