2012-09-17T15:50:43-05:00 2011-12-31 990 2011-01-01 541135340 RAPPAHANNOCK ELECTRIC COOPERATIVE RAPP 5408988500 P O BOX 7388 FREDERICKSBURG VA 224047388 Kent D Farmer 5408988500 2012-09-18 2011 2016-02-24 21:20:13Z Kent D Farmer P O BOX 7388 FREDERICKSBURG VA 224047388 423459289 0 X www.myrec.coop X 1980 VA Sale and distribution of electricity. 11 11 422 0 136664 0 4111582 4123271 358741674 417836156 636259 349132 620987 1150730 364110502 423459289 26442 38830 0 32079566 30908670 35493961 0 0 0 309358739 366246410 340293851 433858767 23816651 -10399478 759029987 754420378 456186324 437342768 302843663 317077610 To enhance the lives of our customers by providing reliable electric service, dependable products and support to the communities we serve. 0 0 Distributed electricity to 156,160 members Connected 1,538 new services Energized 168 additional miles of line 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 1 110 0 1 422 1 1 1 0 0 0 0 0 0 410782732 11662491 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X The Cooperative 5408988500 247 Industrial Court Fredericksburg VA 22408 X Richard C Oliver 10.00 X X 33900 0 0 Darlene H Carpenter 9.00 X X 33700 0 0 Linda R Gray 7.00 X X 33500 0 0 William E Lane 9.50 X X 33400 0 0 William M Alphin 6.50 X 30400 0 0 Frank B Boxley Jr 8.00 X 33700 0 0 William C Frazier 9.50 X 25700 0 0 Thomas T Grady 8.00 X 30300 0 0 A Nash Johnston 10.00 X 24400 0 0 Michael W Lindsay 20.00 X 31500 0 0 Christopher G Shipe 10.00 X 26700 0 0 Kent D Farmer 40.00 X 495152 0 145622 Craig B Lewis 40.00 X 208434 0 56624 Deanna C Kurz 40.00 X 100686 0 27848 David F Koogler 40.00 X 172111 0 24788 Timothy C Martin 40.00 X 156933 0 47180 Rhonda F Curtis 40.00 X 163977 0 42595 Ronald W Harris 40.00 X 143979 0 51477 Robert W Beard 40.00 X 151643 0 52272 Robert A Ellis 40.00 X 186517 0 64147 Lloyd R Bywaters 40.00 X 153555 0 34708 J Bruce Barnett 40.00 X 181650 0 0 2451837 0 547261 83 1 1 0 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 29 4123271 4123271 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 417836156 349132 349132 1014066 1014066 1014066 1014066 Unrelated debt-fin inc 531120 39680 39680 Training services 611600 19990 19990 Admin and support 561000 4925 4925 72069 72069 136664 423459289 417836156 136664 1363198 38830 32079566 1772578 22667182 4536187 3962530 2555484 172077 115242 828521 2943699 4296003 569184 253701 15781802 27132862 732500 Purchased power 293773227 Distribution expense-ma 12230465 Other miscellaneous exp 4395304 Distribution expense-op 4308088 -1286265 433858767 4311769 3313399 14262 37350 48092244 33664188 1456 617 28854 20058 5565362 5927591 30176472 25405755 863102089 288918413 563025774 574183676 2182789 2182659 2251125 2247348 103379880 107437737 759029987 754420378 271927263 91078069 184259061 346264699 456186324 437342768 X 0 0 0 0 302843663 317077610 302843663 317077610 759029987 754420378 X -10399478 24633425 X X 0 1 1 X 1 1 17495726 17495726 845606363 288918413 556687950 574183676 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 107437737 1 X Procedure for Monitoring Grants in the U.S.: Part I, Line 2: 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. X X X X 0 1 0 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 Part I, Line 4b Kent D Farmer-4100 Craig B Lewis Employee computer purchase program X 1001 13 0 1 1 Rhonda F Curtis Employee computer purchase program X 1519 604 0 1 1 617 Darlene H Carpenter Vice Chairman Board Member of Old Dominion Electric Cooperative and Committee Member of Va Md Del Assoc of Electric Cooperatives 0 0 0 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. Changes 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. PART XII LINE 2C No change was made to this procedure from the prior year. 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 Rappahannock Electric Communications Inc Post Office Box 8059 Fredericksburg VA 22404 541509322 Markets and sells products and services VA Rappahannock Electric Cooperative C 12831 423699 1.00000 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 Rappahannock Electric Communications Inc A 8785 Market Rappahannock Electric Communications Inc K 92701 Market